✉news TechnologyCybersecurity first seen 16 h ago, last 29 min ago, peak #33
Liquid Network peg-outs frozen for 35 days
Original: Liquid Network peg-outs frozen 35 days after 4,...
Liquid Network, the Bitcoin sidechain operated by Blockstream, has reportedly had peg-outs frozen for 35 days following an incident involving four, with users unable to move funds off the network. The situation is being closely watched in the Bitcoin community because peg-out functionality is central to the network's role in moving bitcoin between the main chain and the sidechain.
Why now: Frozen peg-outs for over a month leave users' funds effectively trapped, raising security and trust concerns.
Liquid NetworkBlockstreamBitcoin
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