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Blockstream to Liquid Network Hacker: ‘Safe to Return the Funds’

News.Bitcoin.com
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Blockstream to Liquid Network Hacker: ‘Safe to Return the Funds’

As the major Bitcoin sidechain Liquid Network has been paused due to a $320 million hack, the absolute majority of the key players in the network haven’t issued any statements, while L-BTC is now backed by only 4.7% of the required bitcoin, as Blockstream says it’s “safe to return the funds.” In the most recent […]

Key Takeaways

  1. As the major Bitcoin sidechain Liquid Network has been paused due to a $320 million hack, the absolute majority of the key players in the network haven’t issued any statements, while L-BTC is now backed by only 4.7% of the required bitcoin, as Blockstream says it’s “safe to return the funds.” In the most recent […]
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.