The Hacker Kept $47 Million. Blockstream Just Paid It Back Itself.

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Rommie Analytics

Hacker kept $47M, Blockstream paid it back

Two months ago, a bug in the software behind the Liquid Network let an attacker mint about 4,000 LBTC tokens backed by nothing at all, then swap them for real bitcoin worth roughly $320 million. Liquid is a Bitcoin sidechain run by a federation of companies led by Blockstream, and it exists to move bitcoin faster and more privately than the main chain allows. T...

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