Presumably to try and reduce the chance of a mass panic among their users.
mvdtnz•50m ago
What do they care if there's a panic? They have "paused the sidechain". No one can act on their panic.
cool_dude85•39m ago
Wasn't this all supposed to be decentralized? How can a foundation choose to unilaterally "pause the sidechain"?
Kranar•25m ago
BTC Liquid Network is not decentralized and does not purport to be. It's a federated sidechain, that is... it's a blockchain that runs alongside the Bitcoin blockchain (using a two-way peg that lock real BTC on the Bitcoin blockchain and issues an equivalent amount of Liquid BTC on the Liquid sidechain) but blocks can only be added to the Liquid Network sidechain by some of the handpicked members of the federation.
tom_•55m ago
Purported white-hat hackers. The implication is that these people are presumably describing themselves as such, but it may not actually be true.
faitswulff•24m ago
The same reason scam artists describe themselves as businessmen
It’s not "hackers". It’s an inside job, and a rug pull.
fxwin•33m ago
how is it a rug pull? if it's an inside job, doesn't that just make it theft?
knorker•20m ago
What's the difference to you between a rug pull and theft?
cypherpunks01•13m ago
Seems that an Elements rangeproof cache bug may've gotten exploited. Fix for suspicious issue was committed just last week and attackers could've monitored the public commits and exploited the bug before it was ever pushed?
Sort of self-fulfilling prophecy if true, that's a leading theory anyhow.
fix: range proof cache bind to asset and scriptpubkey
skinfaxi•1h ago
simonw•57m ago
mvdtnz•50m ago
cool_dude85•39m ago
Kranar•25m ago
tom_•55m ago
faitswulff•24m ago