Liquid Network is running again, but peg-outs that convert L-BTC back to bitcoin remain suspended, with a reserve gap of about 603 BTC. Liquid said redemptions will not resume until reserves fully back all circulating L-BTC and security reviews are complete. A Sept. 6 Elements bug allowed unauthorized L-BTC creation and redemption. About 3,996 to 4,000 BTC left the federation reserve, then worth about $320 million. White-hat actors returned about 3,400 BTC on Sept. 7, leaving 598 to 603 BTC unreturned. As of Oct. 11, peg-outs remain paused. Blockstream CEO Adam Back said the 1:1 peg will ultimately be covered, with no date given.