hack or exploit

Liquid Bitcoin Redemptions Remain Frozen With 85.8% Reserve Coverage

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Liquid kept Bitcoin redemptions frozen after the Sept. 6 exploit, with peg-outs still awaiting full one-to-one backing and completed security reviews. The reported reserve gap remained around 600 BTC, while one update put support at 86% and another at 85.8%.

Key claims & sources

✓
About 3,400 BTC had been returned after the Sept. 6 exploit, but peg-outs still required full one-to-one backing, testing, and security reviews before resuming.
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The attacker was still holding 598.5 Bitcoin, valued at about $49.69 million, and Liquid’s support level was 86%.
✓
Liquid said peg-outs required full backing and completed security reviews before they could restart, and the reserve gap was about 603 BTC.

What it means

Users who rely on Liquid’s peg-outs are still facing frozen redemptions, and the network is still not back to one-to-one backing for those transfers. The point that matters tomorrow morning is that redemption access remains unavailable until the stated backing and review conditions are met.

Market reaction i

BitcoinBTC the event is about this asset
first headline
+0.4% 2 h before
+0.4% 4 h after
$83,338price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 11 15:59

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