LBTC

LBTC is the Liquid sidechain token that is supposed to hold a 1 : 1 value with bitcoin. During the September hack, an attacker used a programming flaw to mint more than 4,000 LBTC tokens that were not backed by any real bitcoin, and then cashed them for on‑chain BTC. Blockstream largely recovered the stolen bitcoin, but the attacker still holds roughly 600 LBTC, worth close to $50 M at current prices, claiming they represent 15 % of the originally stolen amount. The incident highlighted a critical security flaw in the liquid sidechain’s token issuance mechanism.· Graphiti 生成的实体摘要