Source: Crypto.news ↗
Liquid Network drained of $320 million as cache bug lets attacker mint unbacked Bitcoin
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What the source reports
A range-proof cache bug in the Elements codebase let an unknown actor mint unbacked L-BTC, drain 95% of the federation reserve through SideSwap, then negotiate its return on-chain via OP_RETURN messages. The network remains frozen, 598.5 BTC sits in the…
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