✉news TechnologyCybersecurity first seen 13 h ago, last 7 h ago, peak #33
Liquid Network peg-outs frozen 35 days after security breach
Original: Liquid Network peg-outs frozen 35 days after 4,...
Peg-out transactions on the Liquid Network, a Bitcoin sidechain used by exchanges and traders, remain frozen 35 days after an incident involving four allegedly compromised functionaries, the federation members who authorize transfers. Users report being unable to withdraw assets from the sidechain back to the Bitcoin blockchain, raising questions about how long the outage will last and whether user funds remain fully safe.
Why now: Users and traders are concerned about frozen withdrawals and fund safety following the security incident.
Liquid NetworkBlockstreamBitcoin
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