✉news TechnologyCybersecurity first seen 2 d ago, last 1 d ago, peak #17
Liquid Network resumes but 603 BTC still missing
Original: Liquid Network resumes transactions but 603 BTC remains missing, blocking L-BTC redemptions.
The Bitcoin sidechain Liquid Network has resumed transaction processing following a security incident, but around 603 BTC remain unaccounted for. The missing funds are preventing redemptions of L-BTC, the network's Bitcoin-pegged asset, leaving holders unable to convert back to bitcoin while investigations continue.
Why now: A cybersecurity breach on a major Bitcoin sidechain directly affects holders of L-BTC and raises broader questions about federated sidechain security.
Evidence
- Liquid Network resumes transactions but 603 BTC remains missing, blocking L-BTC redemptions. · Pluang
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