CoinScoopLiquid Sidechain Operations Halted Following 'White Hat' Bitcoin Drain
The Liquid sidechain has been frozen after a software bug in the Elements platform allowed an entity to mint unbacked L-BTC and withdraw approximately 4,000 BTC. The party responsible for the funds, identifying as a 'white hat' hacker, has stated they intend to return the majority of the assets once the underlying vulnerability is patched.
Summaries are written by AI from the original article. Not investment advice.