Liquid Network Resumes Block Production Following $320 Million Exploit

cryptonews.ru2026-09-10 tarihinde yayınlandı2026-09-10 tarihinde güncellendi

Özet

The Liquid Network has resumed block production following a September 6th exploit that saw approximately 4,000 Bitcoin (worth roughly $320 million at the time) withdrawn from a network wallet. This block creation is proceeding "without transactions" as a precautionary measure while network stability is monitored. Operations involving pegged assets, including PAK-authorized unpeg withdrawals, remain suspended as the network works to restore the BTC/L-BTC reserve. The resumption follows an emergency update to the underlying Elements software to patch a proof validation cache vulnerability linked to the incident. Following the exploit, individuals claiming to be white hat hackers returned about 3,400 BTC (worth approximately $270 million). As of September 7th, around 598 BTC (roughly $46 million) remained unrecovered. The network's recovery process is ongoing.

The Liquid Network has resumed block production after a $320 million Bitcoin withdrawal, although transaction and peg operations remain suspended as recovery efforts continue.

In a Thursday post on X, the company stated that block production has resumed "without transactions" as a precaution while the network is monitored to "confirm full stabilization." Necessary updates for functional and bridge nodes have been deployed, and functional nodes are now signing and verifying blocks properly.

Peg operations, including PAK-authorized peg-outs, remain suspended while the network works on restoring the $BTC/L-$BTC reserve.

A day earlier, Liquid released an emergency update for Elements—the underlying software of the network—to address a proof cache vulnerability related to the incident. The Elements v2334 update enhanced cache keys used for range proofs as part of the network recovery plan.

Source: Liquid Network

$270 Million in Bitcoin Returned Following Exploit

Liquid suspended operations on September 6 after alleged white-hat hackers withdrew approximately 4,000 Bitcoins ($BTC) worth roughly $320 million from the network's federated wallet.

The withdrawal represented about 95% of the wallet's approximate 4,200 $BTC balance and included L-$BTC linked to a bug in Elements, the open-source software underlying Liquid.

The threat actors subsequently returned 3,400 $BTC worth approximately $270 million at the time, after Blockstream confirmed that affected bridge nodes had been updated. As of September 7, around 598 $BTC worth roughly $46 million at current prices remained unreturned.

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İlgili Sorular

QWhat is the current status of the Liquid Network's block production after the exploit?

AThe Liquid Network has resumed block production 'without transactions' as a precautionary measure while the network is monitored for 'full stabilization confirmation'.

QHow much Bitcoin was initially drained in the Liquid Network exploit, and how much was subsequently returned?

AApproximately 4,000 BTC (worth around $320 million) was initially drained. Subsequently, the perpetrators returned about 3,400 BTC (worth about $270 million at the time), leaving around 598 BTC (worth about $46 million) unreturned as of September 7th.

QWhat type of operations remain suspended on the Liquid Network during the recovery process?

APeg operations, including PAK-authorized unpeg withdrawals, remain suspended while the network works on recovering the $BTC/L-$BTC reserve.

QWhat was the specific vulnerability exploited in the Liquid Network incident, and what software was involved?

AThe exploit was related to a proof verification cache vulnerability in Elements, the open-source software underlying the Liquid Network. The emergency update (Elements v2334) strengthened the cache keys used for range proofs.

QWhen did Liquid Network suspend its operations, and what was the reason?

ALiquid Network suspended operations on September 6th after self-proclaimed white hat hackers drained approximately 4,000 BTC from the network's federated wallet.

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