PANews, September 18: According to a security incident update released by Liquid Network early this morning, since resuming operations on September 10, block production on the Liquid Network and on-chain transfers, including LBTC, have been functioning normally. However, peg-out redemption operations remain suspended, with the team actively collaborating with consortium members and partners to implement a secure recovery plan. Of the approximately 4,000 BTC withdrawn during the incident, around 3,400 BTC have been recovered to the consortium reserves, while approximately 600 BTC remain unaccounted for. The official statement confirms that peg-out redemptions will only be restarted after confirming that LBTC has fully restored its 1:1 BTC peg, completing all relevant software updates, testing, and independent security audits. A detailed plan and timeline will be announced separately.
Liquid Network reports normal block production and transfers; BTC peg-out redemptions remain paused.
PANewsShare
Summary
On September 18, the Liquid Network shared a BTC update, confirming that block production and LBTC transfers have resumed normally since September 10. Peg-out redemptions remain paused as the network implements a security recovery plan in coordination with alliance members. Approximately 3,400 BTC have been returned to the reserve, with 600 BTC still unaccounted for. Peg-out functionality will resume only after confirming a full 1:1 peg, completing a network upgrade, conducting thorough testing, and obtaining an independent security review. Further details will be provided soon.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.