✉news BusinessCrypto first seen 3 d ago, last 3 d ago, peak #23
Liquid Network halts Bitcoin redemptions amid reserve shortfall
Original: Liquid Network halts Bitcoin redemptions with reserves at about 86% coverage
Liquid Network, the Bitcoin sidechain operated by Blockstream, has suspended Bitcoin redemptions, with its reserves reported to cover only about 86% of outstanding liabilities. The move means users cannot currently withdraw their BTC from the network at full value, raising questions about the platform's solvency and the broader risks of custodial sidechains. The full cause of the shortfall and plans to restore redemptions remain unclear.
Why now: Redemption freezes and sub-100% reserve coverage on a major Bitcoin sidechain raise solvency concerns for holders and the wider crypto market
Liquid NetworkBlockstreamBitcoin
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