SideSwap Reports About 600 Redemptions After Reopening L-BTC Swaps

Liquid Network Restores Peg Operations After Security Incident Involving 600 BTC Shortfall - The Cryptocurrency Post

Liquid Network has begun restoring Bitcoin peg operations after a security incident that left the federation facing a shortfall of about 600 BTC. The project’s official account said user swap functionality has been restored, with semi-automated swaps now available for federation members as key technical steps are completed. In a separate post, Liquid executive Samson […]

SideSwap Reports About 600 Redemptions After Reopening L-BTC Swaps

The provider is paying users from its own bitcoin wallet while Liquid federation reserves still cover about 85.8% of outstanding L-BTC.

Liquid Restores Bitcoin Swaps While Direct Peg-Outs Remain Frozen

Outstanding L-BTC is about 85.8% backed, with a reserve gap of roughly 603 BTC.

Liquid Says Bitcoin Swaps Are Restored While Peg-Outs Stay Frozen

Liquid says semi-automated BTC–L-BTC swaps are restored, but direct peg-outs remain restricted and the reserve gap is still about 603 BTC.