Liquid Network Back Online After Massive $320M Hack

The Liquid Network has resumed block production after a forced pause caused by a massive exploit. The team behind the sidechain deployed emergency software updates to address the vulnerability, allowing the system to start generating blocks once more.

While the chain is moving again, users should note that transaction processing and peg operations are still frozen. The team is currently working through recovery procedures to restore full functionality and address the impact of the 320 million dollar theft.

This incident is a significant blow to the network and highlights the ongoing security risks in the sidechain sector. Market participants are watching closely as developers work to secure the remaining funds and stabilize the protocol. We will provide updates as the team restores standard operations.