Liquid Network: $320M Pegged Out, Every Key Intact
Someone pegged 3,996 BTC out of Blockstream's Liquid sidechain through a valid SideSwap order, and the federation's 11-of-15 multisig signed the withdrawal. No key was compromised. The L-BTC came from an Elements bug, and the Bitcoin reserve backing every remaining L-BTC is now about 197 BTC against roughly 4,200 in circulation.
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