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Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On

It has been 35 days since an attacker exploited a vulnerability in the Liquid Network’s Elements software, draining nearly 4,000 BTC from the protocol, and although 3,400 BTC has since been recovered, redemptions of LBTC for actual bitcoin remain suspended as an independent external security audit...
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Liquid resumed blocks and internal transactions after the September exploit, but Bitcoin withdrawals remain suspended. The network estimates that its reserves cover about 86% of L-BTCs in circulation and conditions reopening to close a deficit of about 598.5 BTC and complete security reviews.

Bitcoin's refunds on Liquid Network remain suspended on 11 October 2026, at 35 days from the Exploit that emptied the reserves of the sidechain. The reserves cover approximately 85.8% of the tokens in circulation. Key points Liquid reserves deficit is about 602,53 BTC. Since 10 September 2026 transfers work, but withdrawals [...]

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Sunday, October 11, 2026.
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