Liquid has halted Bitcoin redemptions because its reserves cover only 85.8% of the required backing, leaving a shortfall of about 603 BTC. The freeze will remain until Liquid achieves full reserve coverage and completes necessary security reviews. This highlights a significant gap between Liquid's obligations and the Bitcoin available to support them, impacting users who want to redeem BTC.
Liquid's Bitcoin reserves cover only 85.8%, leading to a freeze on redemptions as reported. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 11, 2026 22:31 WIB: out of 50 major cryptocurrencies, 21 rose and 28 fell today. Notable price changes include SAND at Rp1.176 with a 1-day change of -2.75%, THETA at Rp4.030 down 2.49% but with 100% buy order activity, and ENJ at Rp559 down 2.34% with 89% buy orders.
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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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