Security· ★★★★· bearish·

Liquid Network starts Elements v23.3.4 audit before restoring BTC peg outs

  • —Audit of Elements v23.3.4 follows the Sept. 6 exploit that withdrew ~4,000 BTC
  • —Liquid Federation is replacing PAK entries and moving peg out keys to cold storage
  • —No date has been set for resuming BTC peg outs
  • —The flaw involved rangeproof verification caching in Elements
Why it matters: The prolonged halt on BTC withdrawals undermines confidence in the Liquid sidechain and leaves LBTC holders unable to redeem for bitcoin.
#BTC
Source: crypto.news
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