LL62 on Nostr: QnA Can't find the spiral research on coinjoin privacy failures in the shownotes 🧐 ...

QnA (nprofile…n29d) Can't find the spiral research on coinjoin privacy failures in the shownotes 🧐

quoting
nevent1q…r9rf

Roughly 4,000 Bitcoin was withdrawn from Liquid after a software bug allowed LBTC that should never have existed to be accepted as valid. Initial reporting put it at around 320 million dollars.

To be clear about the scale, there was something like 150 or 200 Bitcoin left on the network afterwards. Essentially every coin on Liquid went out the door in one go.

Blocks stopped. If you had funds on Liquid, you could not move them.

https://ungovernable.network/shows/bitcoin-brief/4000-bitcoin-hacked/