Alpen Labs Claims AI Identified $320M Bitcoin Vulnerability on Liquid Sidechain in One Hour
Simanta Gautam, CEO of Alpen Labs, stated that their AI agents tracked and locally replicated the $320 million Bitcoin exploit on the Liquid sidechain, which occurred on September 6, within approximately one hour. The exploit resulted in the unauthorized withdrawal of about 3,996 Bitcoins. Alpen Labs released a technical report on September 22, detailing the caching flaw in the Elements software. The report also explored whether setting payment limits before authorization or signing could have prevented the withdrawal.
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