🚨FLASH NEWS: $320M LIQUID NETWORK HACK RESOLUTION UPDATE🚨
#LiquidNetworkSuffers$320MExploit 🛑⚡⚠️
WHAT HAPPENED?
Blockstream's Liquid Network suffered a massive **$320 Million (~4,000 BTC) exploit** caused by an Elements software validation bug. The hacker used a range-proof verification vulnerability to mint unbacked L-BTC and withdraw real Bitcoin from the federation wallet.
💬 **THE ON-CHAIN NEGOTIATION
Rather than vanishing, the attacker messaged developers via Bitcoin `OP_RETURN` on-chain transactions, declaring themselves a **"white-hat"**! Their demand: *"Fix the bug across all nodes first, then we will return the funds safely."*
✅THE CURRENT STATUS
* Blockstream deployed and verified the patch across bridge nodes.
* The hacker kept their word and **returned 3,400 BTC (~$270M)** to the federation wallet!
598.5 BTC (~$47M) remains in the attacker's wallet as a self-appointed "bounty."
* Network operations and L-BTC swaps remain temporarily paused for security audits.✨
#CryptoNews #Liquidations #bitcoin 🚀🔥🚨
#LiquidNetworkSuffers$320MExploit 🛑⚡⚠️
WHAT HAPPENED?
Blockstream's Liquid Network suffered a massive **$320 Million (~4,000 BTC) exploit** caused by an Elements software validation bug. The hacker used a range-proof verification vulnerability to mint unbacked L-BTC and withdraw real Bitcoin from the federation wallet.
💬 **THE ON-CHAIN NEGOTIATION
Rather than vanishing, the attacker messaged developers via Bitcoin `OP_RETURN` on-chain transactions, declaring themselves a **"white-hat"**! Their demand: *"Fix the bug across all nodes first, then we will return the funds safely."*
✅THE CURRENT STATUS
* Blockstream deployed and verified the patch across bridge nodes.
* The hacker kept their word and **returned 3,400 BTC (~$270M)** to the federation wallet!
598.5 BTC (~$47M) remains in the attacker's wallet as a self-appointed "bounty."
* Network operations and L-BTC swaps remain temporarily paused for security audits.✨
#CryptoNews #Liquidations #bitcoin 🚀🔥🚨
