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Liquid Network's Elements software was exploited 35 days ago, draining nearly 4,000 BTC.

About 3,400 BTC has been recovered, but a ~602.53 BTC shortfall means reserves cover only 85.8% of outstanding L-BTC.

Transfers resumed September 10, but redemptions remain suspended while an independent security audit of Elements v23.3.4 runs its course.

For L-BTC holders, "your keys, your coins" has a new asterisk.

🔥 @Bitcoin_Insights

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