๐จ ๐ Liquid Network Resumes Block Production After $320M Exploit! โ ๏ธ
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.
๐ Key Updates
๐ด Around 4,000 BTC were withdrawnโabout 95% of the federation wallet.
๐ ๏ธ Emergency Elements v23.3.4 software updates were deployed to address the vulnerability.
๐ข Block production has resumed, but without user transactions as a precaution.
โธ๏ธ BTC/L-BTC peg operations remain suspended during recovery.
๐ฐ About 3,400 BTC (~$270M) has reportedly been returned, while roughly 598 BTC remains outstanding.
โ ๏ธ 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.
๐จ ๐ 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Liquid Network has restarted block production after roughly 4,000 BTC worth ~$320M was withdrawn from its federation wallet.
๐ ๏ธ Emergency security patch deployed
๐ข Block production restored
๐ฐ ~3,400 BTC reportedly returned
โธ๏ธ 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.
๐ Key Updates
๐ด Around 4,000 BTC were withdrawnโabout 95% of the federation wallet.
๐ ๏ธ Emergency Elements v23.3.4 software updates were deployed to address the vulnerability.
๐ข Block production has resumed, but without user transactions as a precaution.
โธ๏ธ BTC/L-BTC peg operations remain suspended during recovery.
๐ฐ About 3,400 BTC (~$270M) has reportedly been returned, while roughly 598 BTC remains outstanding.
โ ๏ธ 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.
๐จ ๐ 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Liquid Network has restarted block production after roughly 4,000 BTC worth ~$320M was withdrawn from its federation wallet.
๐ ๏ธ Emergency security patch deployed
๐ข Block production restored
๐ฐ ~3,400 BTC reportedly returned
โธ๏ธ 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
