Every Zipp story tagged #LiquidNetwork, newest first.
The partial return eases Liquid's immediate reserve crisis, but the network remains paused while operators repair the breach, resolve a chain split and restore confidence in L-BTC backing.
The recovery is substantial but incomplete: roughly $47M remains with the hackers as an apparent bounty.
Researchers are focusing on a validation-cache flaw that may have let unbacked L-BTC reach a Bitcoin peg-out, while the affected software deployment remains unconfirmed.
Liquid says federation members are working to restore service, but the network gave no restart timeline and has not disclosed the root vulnerability that let roughly 95% of its bitcoin reserves walk…
About $320M in BTC left Liquid's federation reserve Sept. 6 after an Elements software flaw produced L-BTC with no real Bitcoin backing; 11 of 15 functionaries signed the release, and the funds now…
The attacker is communicating with network maintainers via on-chain Bitcoin transactions and says the funds will be returned once the underlying vulnerability is patched.
With ~4,000 BTC sitting outside Federation custody and the sidechain paused, every L-BTC peg now hinges on whether the 'white-hat' framing holds and the funds come back.
Crude is up 6% in September and the Fed's hands are now tied by a hot labor print, while a $320M Liquid Network exploit compounds the weekend's risk-off tone.
The loss puts Bitcoin sidechain security under immediate scrutiny, while the attacker's white-hat claim does not change the $319.5M scale of the loss.
Liquid issues L-BTC against bitcoin locked in reserve to speed up exchange settlements, so a near-total drain of that reserve forces every federation member to answer whether the model itself is…
Ledger's CTO publicly disputes the framing, comparing the drain to the Ronin hack while exchanges freeze LBTC. Blockstream says the SideSwap key was used, not compromised.
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