
#LiquidEmergencyPatch
About LiquidEmergencyPatch
Liquid Network released Elements v23.3.4 on Sept 9, patching a proof verification cache bug. Functionary nodes are upgrading. Recovery runs in three stages: resume block production while pegs stay paused, re-execute verified transactions, then reopen pegs once network state is confirmed. Stages one and two are in parallel testing. An attacker had exploited the bug to mint unbacked L-BTC and swap out roughly 4,000 BTC. About 3,400 has been returned; 598.5 BTC remains outstanding.
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