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Bull Bitcoin users still can't redeem L-BTC for Bitcoin after $51M hack; service may resume in 30 days.

Market News
23 Sep 2026
Tokenpost
View Source
Bearish
Bull Bitcoin users still can't redeem L-BTC for Bitcoin after $51M hack; service may resume in 30 days.

After a hack on September 6, Bull Bitcoin users remain unable to redeem L-BTC for Bitcoin. The attacker initially transferred nearly 4,000 BTC and returned about 3,400 BTC, leaving a balance of 598.50 BTC worth over $51 million. This has forced Bull Bitcoin to suspend L-BTC redemptions and temporarily close inbound Lightning payments, as their inventory depends on redemptions for balance. While network operations normalized by September 17, Bull Bitcoin expects to resume redemption services within 30 days, though this timeline is not guaranteed.

The story about Liquid's suspension of L-BTC redemptions notes the attacker still holds 598.50 BTC worth over $51 million. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Sep 23, 2026 23:05 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include AVAX at Rp181.096 with a 1-day change of -9.12%, DOGE at Rp1.646 down 8.15%, and EOS at Rp12.649 up 8.13%.

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