Izzy Zhang
@izzyzhang
· Sep 10
Is the Liquid Network back online after a $320M exploit?Yes, block production has restarted after emergency software updates, but Liquid's transaction layer and peg operations are still suspended while recovery work continues.What happened: The Liquid Network, Blockstream's Bitcoin sidechain, halted block production after an exploit drained roughly $320 million from the network. Developers shipped emergency software updates and blocks are ticking again, but normal transfers and the L-BTC peg in/out mechanism remain frozen.Key numbers: $320M estimated value drained in the exploitBlock production restarted following emergency software updatesTwo core functions
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