Hacking News
Liquid Network Hack: 4,000 BTC Drained, LBTC Still Frozen
Liquid Network, a Layer 2 (L2) platform, has been experiencing issues since a vulnerability in its Elements software allowed an attacker to drain nearly 4,000 BTC. The attacker returned about 3,400 BTC but kept 598.5 BTC as a bounty. LBTC holders, who are unable to redeem their tokens, are still waiting for an independent audit of the Elements software. The attacker's wallet remains frozen, and the situation has led to address-poisoning spam and weird OP_RETURN messages. The real question for LBTC holders is whether the audit and key rotation will finish before those who paid the 5% exit tax are the only ones who get out.