Odaily Planet Daily reports: Liquid Network announced on X that, as of September 10 at 10:00 UTC, the network has entered a controlled recovery phase. As a precaution, block production has been restored, but transactions are temporarily suspended while the network continues to be monitored to ensure full stability. Blockstream stated that the required Functionary and bridge node updates have been successfully deployed, and Functionary nodes are now signing and validating blocks as expected. Meanwhile, peg-in and peg-out operations—including those authorized by PAK—remain paused, as the network completes its final recovery phase, including the restoration of BTC/LBTC reserves. Liquid Network urges users to remain vigilant against scammers exploiting this event by posting fake update websites or messages; do not transfer funds to unfamiliar channels or disclose private keys or seed phrases.
Liquid Network Resumes Block Production, Transactions Still Paused
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Summary
The Liquid Network announced on X that, as of September 10 at 10:00 UTC, the network has entered a controlled recovery phase following a network upgrade. Block production has resumed as a precaution, but transactions remain paused. Blockstream confirmed that Functionary and bridge node updates have been deployed, with Functionary nodes now signing and validating blocks. Peg-out operations authorized by PAK remain paused. The network is in the final recovery phase, including the restoration of BTC/LBTC reserves. Users are advised to avoid fake update websites or messages and not to share private keys or mnemonics. This update provides key on-chain news for Liquid Network participants.
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