Liquid Network Peg Fully Restored After Security Incident
The Liquid Bitcoin Network has restored full peg and swap operations after completing an external security audit. Users can once again swap between L-BTC and BTC via SideSwap and AquaBitcoin, with a ~600 BTC shortfall to be covered by the Federation.
What we know
An account on X confirmed that LBTC:BTC swaps are back to full service, with peg-out now available and another account on X. The external security audit has been completed with clean results, and additional hardening measures have been implemented. A residual ~600 BTC shortfall will be added to the Federation wallet to restore full 1:1 backing in the final stage. The Liquid Federation noted the restoration is proceeding in phases, with semi-automated swaps for Federation members first, followed by full normal peg and balance validation.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.