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Liquid Network peg-outs frozen 35 days after 4,000 BTC exploit; 598.5 BTC still held by attackers.

Market News
11 Oct 2026
Bitcoin
View Source
Bearish
Liquid Network peg-outs frozen 35 days after 4,000 BTC exploit; 598.5 BTC still held by attackers.

The Liquid Network has suspended peg-out operations for 35 days following a security breach that allowed attackers to drain nearly 4,000 BTC. Although 3,400 BTC was returned, the attackers still hold 598.5 BTC worth nearly $50 million, demanding a bounty which Blockstream has refused. An independent security audit of the Elements software is ongoing, delaying the resumption of BTC redemptions. Users remain frustrated, with some seeking alternative ways to move their funds amid the prolonged freeze.

The Liquid Network's ongoing Bitcoin redemption freeze is the backdrop for this market snapshot. For readers following major cryptocurrencies on Pluang as of Oct 11, 2026 22:31 WIB: out of 50 priced assets, 21 rose and 28 fell today. Notable movers include CAKE at Rp40.225 (+3.14%), ATOM at Rp36.122 (+3.13%), and XTZ at Rp5.440 (+2.93%), with varied Pluang order activity and typical hold times ranging from 60 to 100 days.

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