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Liquid Network Resumes Transactions Amid $320M Hack Fallout

Guavy AI Editorial Team
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Liquid Network, a sidechain of Blockstream's Bitcoin network, has resumed transactions after a hacker drained around 4,000 BTC from its federation wallet and then returned most of it. The restart is crucial for anyone with Liquid Bitcoin (L-BTC) or stablecoins on the network.

The funds were suspended since Sunday, September 6, and about 600 BTC still in the attacker's hands represents a hole in the reserve backing those tokens.

Blockstream's sidechain resumed block production on Thursday, but as a precautionary measure, transactions are limited while the team monitors for full stabilization.

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