Liquid Network resumes block production after $320M exploit
Liquid restarted block production after deploying emergency software updates, though transactions and peg operations remain suspended as recovery efforts continue.
The Liquid Network has resumed block production following a $320 million Bitcoin withdrawal, though transactions and peg operations remain paused as recovery efforts continue. The network's emergency software update, Elements v23.3.4, addressed a proof-verification cache vulnerability, hardening cache keys used for range proofs.
Liquid paused operations on September 6 after a group claiming to be white-hat hackers withdrew about 4,000 BTC from the network's federation wallet, comprising roughly 95% of the wallet's 4,200 BTC balance. The group returned 3,400 BTC, worth approximately $270 million at the time, after Blockstream confirmed patching affected bridge nodes.
Approximately 598 BTC, worth around $46 million, remained outstanding on September 7, with the network monitoring full stabilization before fully resuming operations.
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