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Muneeb Ali, CEO at Trust Machines, discusses the recent Liquid hack involving 4,000 BTC.
He highlights that the cause appears to be a vulnerability in the Elements software, which allowed attackers to generate coins that should not exist and convert them into real BTC. Elements is described as a modified version of Bitcoin Core.
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Ali has previously discussed the launch of the Stacks genesis bond at Bitcoin block 966,350, noting that 400 million STX in staking power became active. In a separate commentary, he called for a return to Bitcoin’s 2013 developer and entrepreneur community culture. These topics continue to shape his perspective on developments in the Bitcoin ecosystem.