Liquid Network stopped Bitcoin redemptions after a software exploit created about 4,000 unbacked Liquid Bitcoin (LBTC) and released nearly 4,000 BTC, with around 600 BTC still unreturned. The exploit involved a vulnerability in Elements software, not stolen keys. Liquid released a software update to fix the issue and resumed block production and transactions but will only allow peg-outs after confirming full 1:1 BTC backing. An external security audit and key management improvements are ongoing, with no set date for resuming peg-outs.
Liquid Network Bitcoin redemptions remain suspended with 600 BTC unreturned. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 11, 2026 22:31 WIB: out of 50 major cryptocurrencies, 21 rose and 28 fell. Notable movers include BAT at Rp2.693 with +12.63%, BAL at Rp16.297 with +11.14%, and EOS at Rp12.649 with +8.13%.
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Liquid Network has paused redemptions of its LBTC token into Bitcoin for 35 days due to a security breach. An attacker moved nearly 4,000 BTC but has returned about 3,400 BTC, leaving 598.5 BTC worth around $49.69 million still in their wallet. Block...
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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 bo...
