Liquid Network Attack Pegs Out 4,000 L-BTC Worth $320M Through Elements Bug in September

2026-10-28 17:56:44

According to COINOTAG, attackers minted 4,000 unbacked L-BTC on Liquid Network in early September and pegged them out one-for-one for real bitcoins, worth approximately $320 million at the time. The exploit targeted Elements, the open-source platform for Bitcoin sidechains used by Liquid, which Blockstream developed.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.