Liquid Releases Urgent Elements v23.3.4 Update to Fix Proof Verification Cache Vulnerability

BlockBeats News, September 9 — Liquid Network has released an urgent version, Elements v23.3.4, with functional nodes upgrading immediately and all Liquid node operators advised to sync and update accordingly. This version fixes a proof verification cache vulnerability, enhancing security by strengthening cache keys used in range proofs, and has undergone multiple rounds of internal and external reviews by teams including Bitcoin Red Team and Alpen Labs.

Liquid Network also announced a preliminary recovery plan: first, resume block production while anchoring operations remain suspended; then, re-execute verified valid transactions; and once the network is fully restored and funds are returned, resume anchoring operations. Blockstream is concurrently testing the first two phases, with the specific sequence and implementation approach subject to adjustment based on test results.

Liquid Network further warned that scammers have already set up fake update websites, urging users to refer only to official Liquid Network and Blockstream channels, and never transfer funds or disclose private keys or seed phrases to unknown parties.