Consortium
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Investigating the incident; working to patch the Elements flaw and reconcile the reserve
Liquid, a Bitcoin sidechain run by Blockstream, lost nearly all its bitcoin reserves on September 6. A single peg-out transaction moved about 4,000 BTC, worth roughly $320 million, to the Bitcoin mainchain, leaving about 200 of the wallet's prior 4,200 BTC. The withdrawal exploited a validation bug in Elements, the open-source software that powers Liquid.
Updated Sep 8
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