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 release of nearly 4,000 BTC from the federation reserve. Although about 3,400 BTC were later returned, around 600 BTC remained outstanding. Liquid fixed the software vulnerability and resumed normal transactions but kept peg-outs suspended while recovery and security reviews continue. This incident impacted Liquid's sidechain systems, not Bitcoin's main network.
Liquid Network's Bitcoin redemption halt is the subject, with Pluang market data as of Oct 11, 2026 22:31 WIB. Among 50 major cryptocurrencies tradable on Pluang, 21 rose and 28 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37, BAT (Basic Attention Token) up 12.63% at Rp2.693 with a 52% sell order activity, and BAL (Balancer) up 11.14% at Rp16.297.
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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 o...
