Crypto
Liquid Network Restarts Block Production After $320M Bitcoin Exploit
The Liquid Network has restarted generating blocks after an emergency update following a $320M Bitcoin exploit.
No transactions have been added, and peg-ins and peg-outs are suspended as part of the recovery process for the BTC/LBTC reserve.
The network is in a controlled recovery phase after a white-hat incident led to the suspension of operations.
Liquid Network warned users about potential recovery scams, urging them to only use official channels for updates and not send funds or private keys in response to unsolicited messages.