The Liquid Network has resumed normal transactions but has suspended Bitcoin redemptions (peg-outs) due to a reserve shortfall of about 603 BTC caused by a software bug exploit in September 2026. The bug allowed unauthorized creation and redemption of Liquid Bitcoin (L-BTC), draining nearly 4,000 BTC from the federation reserve, which was partially recovered by white-hat actors. Liquid requires full reserve backing and completed security audits before resuming peg-outs, signaling a cautious approach to protect holders and restore trust. Other assets on the network remain unaffected, and changes like moving key management to cold storage are planned to enhance security.
The Liquid Network's Bitcoin redemption halt is presented here with Pluang's market data for context. As of Oct 11, 2026 22:31 WIB, 21 of 50 major cryptocurrencies rose while 28 fell. Notable price changes include Solar (SXP) down 46.27% at Rp37 and Basic Attention Token (BAT) up 12.63% at Rp2.693.
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Liquid Network stopped Bitcoin redemptions after a security exploit on Sept. 6 generated about 4,000 unbacked Liquid Bitcoin (L-BTC), reducing reserve coverage to roughly 86%. The exploit allowed unauthorized L-BTC to pass validation, leading to the ...
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