Liquid Network Starts Recovery After 4,000 BTC Exploit

The Liquid network team officially announced that the sidechain is beginning a controlled resumption of services. This update comes after a security incident where a hacker seized control of nearly 4,000 BTC. While the attacker has since returned 3,400 BTC, the recovery process remains cautious as the team works to restore full functionality.

Transactions on the network remain disabled for the time being. The development team is prioritizing system stability and security checks before allowing regular user activity to resume. They intend to ensure the infrastructure is fully secure before giving the green light for standard operations.

For those involved in the ecosystem, this period serves as a reminder of the risks associated with sidechains. Watching for the official update on when transactions will restart is essential for users waiting to move their assets. The team continues to monitor the network closely as they move through these recovery phases.