Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain
Researchers examining the roughly $320 million Liquid Network incident have identified an alleged failure in the software’s transaction-validation cache, offering a more specific explanation for how unbacked tokens could be redeemed for real Bitcoin. Accounts also raise a deployment question. Mononaut said the exploited bug had entered Elements’ master development branch the previous week but […] The post Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain appeared first on CryptoSlate.
Key Takeaways
- Researchers examining the roughly $320 million Liquid Network incident have identified an alleged failure in the software’s transaction-validation cache, offering a more specific explanation for how unbacked tokens could be redeemed for real Bitcoin.
- Accounts also raise a deployment question.
- Mononaut said the exploited bug had entered Elements’ master development branch the previous week but […] The post Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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