🚨 🌊 Liquid Network Resumes Block Production After $320M Exploit! ⚠️
The Liquid Network, a Bitcoin sidechain operated by Blockstream, has restarted block production after an exploit drained roughly 4,000 BTC ($320 million) from its federation wallet.
🔑 Key Updates
🔴 Around 4,000 BTC were withdrawn—about 95% of the federation wallet.
🛠️ Emergency Elements v23.3.4 software updates were deployed to address the vulnerability.
🟢 Block production has resumed, but without user transactions as a precaution.
⏸️ BTC/L-BTC peg operations remain suspended during recovery.
💰 About 3,400 BTC (~$270M) has reportedly been returned, while roughly 598 BTC remains outstanding.
⚠️ Why it matters: The restart is a positive recovery step, but Liquid is not fully operational yet. Transactions and peg operations will remain paused until the network and BTC/L-BTC reserves are considered safe.
🚨 🌊 LIQUID NETWORK RESUMES BLOCK PRODUCTION AFTER $320M EXPLOIT!
Liquid Network has restarted block production after roughly 4,000 BTC worth ~$320M was withdrawn from its federation wallet.
🛠️ Emergency security patch deployed
🟢 Block production restored
💰 ~3,400 BTC reportedly returned
⏸️ Transactions & BTC/L-BTC peg operations remain suspended
The recovery is underway, but Liquid is not fully operational yet. Users should remain cautious until transactions and peg services are officially restored.
#LiquidNetwork #Bitcoin #BTC #CryptoSecurity #Blockchain #Blockstream #CryptoNews #Binance
The Liquid Network, a Bitcoin sidechain operated by Blockstream, has restarted block production after an exploit drained roughly 4,000 BTC ($320 million) from its federation wallet.
🔑 Key Updates
🔴 Around 4,000 BTC were withdrawn—about 95% of the federation wallet.
🛠️ Emergency Elements v23.3.4 software updates were deployed to address the vulnerability.
🟢 Block production has resumed, but without user transactions as a precaution.
⏸️ BTC/L-BTC peg operations remain suspended during recovery.
💰 About 3,400 BTC (~$270M) has reportedly been returned, while roughly 598 BTC remains outstanding.
⚠️ Why it matters: The restart is a positive recovery step, but Liquid is not fully operational yet. Transactions and peg operations will remain paused until the network and BTC/L-BTC reserves are considered safe.
🚨 🌊 LIQUID NETWORK RESUMES BLOCK PRODUCTION AFTER $320M EXPLOIT!
Liquid Network has restarted block production after roughly 4,000 BTC worth ~$320M was withdrawn from its federation wallet.
🛠️ Emergency security patch deployed
🟢 Block production restored
💰 ~3,400 BTC reportedly returned
⏸️ Transactions & BTC/L-BTC peg operations remain suspended
The recovery is underway, but Liquid is not fully operational yet. Users should remain cautious until transactions and peg services are officially restored.
#LiquidNetwork #Bitcoin #BTC #CryptoSecurity #Blockchain #Blockstream #CryptoNews #Binance
