Liquid loses $320M in BTC exploit after cache bug
The exploit exposed two separate control failures: a consensus validation bug and an automated peg-out path with no payout-size or human-review limits.
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The exploit exposed two separate control failures: a consensus validation bug and an automated peg-out path with no payout-size or human-review limits.
The incident shifts the risk question from key custody to software validation, while insurance terms decide whether customers recover coins, dollars, or less.
Trading is back, but the federation's authorized route back to BTC is still closed. The ~627 BTC gap and absence of redemption arbitrage turn L-BTC's price into a confidence signal rather than proof…
Blockstream is calling the 10% demand 'theft, not white-hat disclosure.' The refusal draws a hard line on whether open-source Bitcoin infrastructure pays bug-bounty blackmail at all.