đ¨ BREAKING: SIDESWAP SUSPENDS LIQUID SERVICES!
A major incident has hit the Liquid Network, with around 4,000 L-BTC involved in a peg-out event worth roughly $320M. Reports say the L-BTC was linked to a vulnerability in the underlying Elements software.
â SideSwap has paused: ⢠Swaps
⢠Peg-ins
⢠Peg-outs
đ SideSwap says its systems and peg-out authorization key were not compromised. Liquid has also paused network activity while the issue is investigated.
â ď¸ Important: This does NOT mean Bitcoin's mainnet was hacked. The incident is related to the Liquid sidechain and its infrastructure.
đ What to watch next:
âĄď¸ Recovery of the BTC
âĄď¸ Liquid network restart
âĄď¸ Security patch
âĄď¸ L-BTC deposits/withdrawals
âĄď¸ Market reaction
đŹ Crypto reminder: Security risk isn't only about price charts â infrastructure vulnerabilities can create huge risks too.
Stay alert. DYOR & manage risk. đĄď¸
#SideSwap #LiquidNetwork #Bitcoin #BTC #CryptoNews #BinanceSquare #Blockchain #CryptoSecurity #LBitcoin #Lbtc #DeFi #CryptoUpdate #DYOR
$BTC $BTX
A major incident has hit the Liquid Network, with around 4,000 L-BTC involved in a peg-out event worth roughly $320M. Reports say the L-BTC was linked to a vulnerability in the underlying Elements software.
â SideSwap has paused: ⢠Swaps
⢠Peg-ins
⢠Peg-outs
đ SideSwap says its systems and peg-out authorization key were not compromised. Liquid has also paused network activity while the issue is investigated.
â ď¸ Important: This does NOT mean Bitcoin's mainnet was hacked. The incident is related to the Liquid sidechain and its infrastructure.
đ What to watch next:
âĄď¸ Recovery of the BTC
âĄď¸ Liquid network restart
âĄď¸ Security patch
âĄď¸ L-BTC deposits/withdrawals
âĄď¸ Market reaction
đŹ Crypto reminder: Security risk isn't only about price charts â infrastructure vulnerabilities can create huge risks too.
Stay alert. DYOR & manage risk. đĄď¸
#SideSwap #LiquidNetwork #Bitcoin #BTC #CryptoNews #BinanceSquare #Blockchain #CryptoSecurity #LBitcoin #Lbtc #DeFi #CryptoUpdate #DYOR
$BTC $BTX