Bitcoin's oldest sidechain just lost ~95% of its reserve.

~4,019 BTC pegged out of Liquid's federation in a single tx (block 965,783):

https://www.blockchain.com/explorer/transactions/btc/8db751a650ae2f12006b7e8c69a75e4df360e8afd6b9e05ae0b9fa6458a7b140

No stolen key. The peg-out was "valid."

The $320M didn't get "stolen", they got minted.

A rangeproof-cache bug in Elements let the attacker conjure unbacked L-BTC, then peg it out for real BTC through the front door.

Their on-chain note: "we are whitehats. contact us on chain"

https://www.blockchain.com/explorer/transactions/btc/c103de95817b43f2df635ec6f35ff126ca26a7c6d20570c4b01866b2b3e69a19

Right now ~3,998 BTC (~$320M) sits in one address while Liquid's self-described "white hat" and Blockstream negotiate entirely through messages buried in Bitcoin transactions.

Watch it move: https://www.blockchain.com/explorer/addresses/btc/bc1ql4mfu6aundtkksxklfajs2h3t9nzcd6gyqjlte

Until it does, the promise is just text in an OP_RETURN.

I have it on Exodus now, wondering if it would be more secure to put it on Fidelity? I have a Jade cold wallet but I don't feel comfortable putting it on there. I feel like I'm going to fuck it up somehow. And now with everything else going on with cold wallets, I feel even less certain.

For some passive btc accumulation

[ Removed by Reddit on account of violating the content policy. ]

Not had my Halifax/Lloyds account too long so I’ve not tried to buy any btc yet. Are they safe to move cash to an exchange or do I need to look at a secondary bank account to build up my crypto loses?

Ta.

Bitcoin self-custody is often summarized as “keep your seed safe,” but resilience has several parts:

• Backup availability: can you recover if a device is lost? • Backup confidentiality: who could learn the words, now or later? • Recovery testing: have you verified the process without exposing the seed? • Inheritance and access planning: can a trusted person understand the recovery plan without receiving the secret prematurely?

Using a hardware wallet does not remove the need to think through backups, passphrases, and physical risks. Small, documented procedures and periodic checks can reduce single points of failure. What part of self-custody do newcomers most often underestimate?