Liquid loses nearly 4,000 BTC to software flaw, not stolen keys
- —Nearly 4,000 BTC left Liquid's reserve on September 6
- —Attackers issued unbacked L-BTC through a software vulnerability
- —Keys were not stolen: the system itself approved the withdrawal
- —The attack was reconstructed by TRM Labs
Why it matters: The incident shows that key protection does not guarantee asset safety: software vulnerabilities and insurance payout limits shift losses onto customers.
Source: CryptoSlate