Current outcome
L-BTC peg-out redemptions remain frozen; reserves cover ~85.8% of supply, a ~603 BTC shortfall, and full backing plus completed security reviews are required before redemptions resume.
Progress timeline
3 material updates- #01
Liquid Network resumes block production after $320M exploit
The Liquid Network resumed block production after deploying emergency software updates following a $320 million Bitcoin withdrawal exploit, though transactions and peg operations remain suspended during recovery.
Source evidence: Cointelegraph
- #02
L-BTC resumes trading with reserves covering just 85% of supply
SideSwap reopened L-BTC markets after Liquid resumed block production, but federation peg-outs remain suspended; Sept. 10 data shows reserves cover only ~85.15% of L-BTC supply, a ~627 BTC shortfall.
State after update: Liquid Network has resumed block production and SideSwap reopened L-BTC trading, but federation peg-outs remain suspended; reserves cover only ~85% of L-BTC supply, a ~627 BTC shortfall, and recovery is ongoing.
Source evidence: CryptoSlate
- #03
Liquid Bitcoin Redemptions Remain Frozen With 85.8% Reserve Coverage
Reserve coverage updated to 85.8%, shortfall ~603 BTC; Liquid says peg-outs require full backing and completed security reviews before restart.
State after update: L-BTC peg-out redemptions remain frozen; reserves cover ~85.8% of supply, a ~603 BTC shortfall, and full backing plus completed security reviews are required before redemptions resume.
Source evidence: The Defiant