Eleven days after a hack on the Liquid Network, hackers returned 3,400 BTC but still hold 598.50 BTC valued over $45 million, keeping L-BTC peg-outs frozen. Blockstream, the network's maintainer, refuses to pay for the remaining coins and insists the 1:1 L-BTC to BTC peg will be covered, but users cannot redeem L-BTC for BTC yet. This incident, along with recent exploits on similar BTC-backed projects, raises concerns about the security and trustworthiness of BTC-backed tokens and layer two platforms. The situation remains unresolved, leaving holders unable to access their funds until a solution is found.
The L-BTC peg-out shutdown after the Liquid Network hack is the subject here. For readers following major cryptocurrencies, 46 of 50 priced assets on Pluang rose today. Notable movers include BAL at Rp16.297 (+11.14%), AAVE at Rp2.260.828 (+10.78%), and CAKE at Rp43.150 (+10.13%). This data is as of Sep 18, 2026 02:32 WIB.
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