Bitcoin

Liquid Sidechain Frozen After ‘White Hat’ Drains Bitcoin Reserve

Unchained·September 7, 2026·1 min read

An Elements software bug let someone mint unbacked L-BTC and peg out roughly 4,000 BTC from the Liquid sidechain. The party holding the funds says they want the bug patched before sending most of it back. The sidechain was frozen after the drain.

Read at Unchained

Daily crypto arcade

Read the news, then play it.

Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.

Open Chainshorts Get it on the Solana dApp Store