Liquid Hackers Return 3,400 Bitcoin Taken via Elements Bug, Still Holding $47M in BTC
Overview
On September 6, 2023, nearly 4,000 bitcoins were stolen from the Liquid Network, a Bitcoin sidechain that allows users to convert real bitcoin into a token called L-BTC. The attackers returned 3,400 bitcoins the following day, but about 598.5 bitcoins remain unreturned. This incident has left the Liquid Network paused, preventing users from converting their L-BTC back into bitcoin. The return of most of the stolen funds is a relief, but the loss of the remaining bitcoin and the ongoing pause raises concerns about the security of the platform and the safety of users' assets. As the situation develops, Liquid Network holders are left anxiously waiting for updates on when they can access their funds again.
Key Takeaways
- Affected Systems: Liquid Network, Bitcoin, L-BTC
- Action Required: The Liquid Network is currently paused, and further steps for restoring full functionality have not been specified.
- Timeline: Ongoing since September 6, 2023
Original Article Summary
Whoever took nearly 4,000 bitcoin from the Liquid Network on Sunday, September 6, returned 3,400 of it the next day, Bitcoin's public record shows. About 598.5 bitcoin has not come back. Liquid is a Bitcoin sidechain that holds real bitcoin to back a token called L-BTC. The network is still paused, so holders cannot turn that token back into bitcoin. The 3,400 bitcoin was sent to a&
Impact
Liquid Network, Bitcoin, L-BTC
Exploitation Status
No active exploitation has been reported at this time. However, organizations should still apply patches promptly as proof-of-concept code may exist.
Timeline
Ongoing since September 6, 2023
Remediation
The Liquid Network is currently paused, and further steps for restoring full functionality have not been specified.
Additional Information
This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.