pull down to refresh

721 sats \ 16 replies \ @Scoresby OP 6 Sep \ parent \ on: 4k BTC Liquid pegout, OP_Return: "We are whitehats" bitcoin bitdevs

I saw speculation that this may have been due to a consensus bug in Liquid.

Mempool's liquid explorer got stuck earlier today (#1563524), but Blockstream's liquid explorer did not.

@wiz notes that mempool was running a different version of Elements than Block stream.

source

write
compose
18 sats \ 15 replies \ @Scoresby OP 6 Sep

Bitmex Research identifies a transaction that didn't work on Wiz's liquid mempool explorer but did work on blockstream's:

https://blockstream.info/liquid/tx/f24a4b179b5cc7e88b25a763911f7cbdf2bf45d1d1b5ab611e94461cef0a183f?expand

source

reply
20 sats \ 1 reply \ @anon 6 Sep

Was this the same bug that was found on peerswap weeks ago?

reply
2 sats \ 0 replies \ @Scoresby OP 6 Sep

This one?

#1539582

Image got deleted, so it's harder to track down.

reply
132 sats \ 12 replies \ @Scoresby OP 6 Sep

Also, this:

source

reply
79 sats \ 3 replies \ @optimism 6 Sep

There you go. Security measures implemented, and circumvented.

@BlokchainB those your guys?

reply
138 sats \ 2 replies \ @BlokchainB 6 Sep

Indeed they are

reply
171 sats \ 1 reply \ @optimism 6 Sep

they just converted 4k fake BTC to real BTC from the liquid peg by circumventing a security measure 😂

reply
13 sats \ 0 replies \ @BlokchainB 7 Sep

Let’s see if @sideswap_io will come on SN and give a better explanation

reply
237 sats \ 7 replies \ @Scoresby OP 6 Sep

Looks like Stutxo has an idea what happened:

source

reply
18 sats \ 6 replies \ @optimism 6 Sep

Yes. I came to the same conclusion.

reply
2 sats \ 0 replies \ @Bell_curve 7 Sep
reply
2 sats \ 4 replies \ @justin_shocknet 7 Sep -21 sats

https://gist.github.com/1440000bytes/211ac92dd4433bb1a2e674bf0ff7db2e