✉news TechnologyCybersecurity first seen 2 d ago, last 1 d ago, peak #33
Liquid Network freezes LBTC redemptions amid ongoing issues
Original: Liquid Network freezes LBTC redemptions amid on...
Bitcoin sidechain operator Liquid Network has frozen redemptions of its LBTC token, leaving holders unable to exchange the asset for bitcoin while the problem is addressed. The suspension is being discussed across crypto communities, with users raising concerns about custody arrangements, the network's federated model, and whether affected holders will be made whole.
Why now: A freeze on redemptions of a widely used Bitcoin-linked token directly affects holders and has renewed scrutiny of the Liquid Network's federation model.
Evidence
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