Liquid Network resumes blocks after $320M Bitcoin withdrawal
Sep 10 2026 21:15 UTC
Liquid Network has resumed block production without processing transactions after a $320 million Bitcoin withdrawal forced the sidechain to halt operations. Liquid Network said in a Thursday update that its functionary nodes were again producing blocks as intended, but the…
➤ Liquid Network has resumed block production after a $320 million Bitcoin withdrawal exploited a software vulnerability, but transactions and peg operations remain suspended.
➤ The exploit involved creating unbacked L-BTC by exploiting a proof-verification flaw in Elements software, leading to the withdrawal of nearly all Bitcoin from the federation wallet.
➤ Hackers returned 3,400 BTC after the network patched the vulnerability, but approximately 598 BTC remains unaccounted for, raising questions about the 'white-hat' label.
Read more at: https://rwatimes.io/articles/coinmarketcap-liquid-network-resumes-blocks-after-320-m-bitcoin-withdrawal-2392131976?utm_source=binance
Sep 10 2026 21:15 UTC
Liquid Network has resumed block production without processing transactions after a $320 million Bitcoin withdrawal forced the sidechain to halt operations. Liquid Network said in a Thursday update that its functionary nodes were again producing blocks as intended, but the…
➤ Liquid Network has resumed block production after a $320 million Bitcoin withdrawal exploited a software vulnerability, but transactions and peg operations remain suspended.
➤ The exploit involved creating unbacked L-BTC by exploiting a proof-verification flaw in Elements software, leading to the withdrawal of nearly all Bitcoin from the federation wallet.
➤ Hackers returned 3,400 BTC after the network patched the vulnerability, but approximately 598 BTC remains unaccounted for, raising questions about the 'white-hat' label.
Read more at: https://rwatimes.io/articles/coinmarketcap-liquid-network-resumes-blocks-after-320-m-bitcoin-withdrawal-2392131976?utm_source=binance