Building Bitcoin capital markets.
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Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
UPDATE: @Liquid_BTC peg operations are resuming. Indra swap fees are reverting back to 0.25% and rate limits are being relaxed. @side_swap functionality within AQUA is also back to normal, so you can now peg out at a 1:1 L-BTC to BTC ratio. Thanks for your patience! 🐬🌊
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
Great to see the hack is being recovered from! Way to go @Liquid_BTC @blockstream @adam3us !
We at @nym run a Liquid functionary and are proud supporters of the use of privacy tech in its sidechain of Bitcoin.
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
Peg operations are resuming for @Liquid_BTC. The external security audit is complete and looks good. Additional hardening measures are also done.
Liquid users are now able to peg-out via @side_swap and @AquaBitcoin.
The ~600 BTC shortfall will be added to the Federation wallet in the coming days.
Everything is almost back to normal! 🙏🏻🌊
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
LBTC:BTC swaps full service again. swap @liquid_btc to/from mainchain BTC on @side_swap. swap @liquid_btc to/from lightning on @AquaBitcoin. xitter.cf/Liquid_BTC/status/2112…
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
LIQUID NETWORK BEGINS RESTORING BITCOIN PEG OPERATIONS FOLLOWING SECURITY INCIDENT
Samson Mow reports that the Federation will add the 600 BTC shortfall to the Federation wallet in the coming days.
The @Liquid_BTC Federation says it has completed an independent security audit and implemented additional security measures as the network enters the final stages of recovery.
Users can now convert L-BTC back to BTC through supported swap providers, including @side_swap, without protocol-imposed volume limits.
Direct Federation peg-outs remain restricted until full 1:1 bitcoin backing is restored and final security requirements are met.
The Federation says updated software for managing bitcoin reserves has been deployed, with safeguards in place to prevent unauthorized withdrawals.
Liquid Network 🌊 retweeted
Liquid and Lightning are back on BULL Wallet.
You can now send and receive Lightning payments and exchange L-BTC back to on-chain Bitcoin.
Liquid payments have also resumed on BULL Exchange.
Liquid Network 🌊 retweeted
Just an update on @Liquid_BTC. The work to restore peg operations is still underway. There are two tracks running in parallel: an external security audit and @Blockstream internal coordination on exactly how to fund the 600 BTC shortfall.
It’s not a question of if it will be filled, but when. This is taking longer than expected and I’m hopeful it will be finalized soon so everything can go back to normal.
@AquaBitcoin continues to support swaps via Indra for payments, which we are provisioning from our own liquidity, because I am 100% sure the 1:1 peg will be restored. We will also be increasing Indra limits to 250k sats per swap as well. 🌊
LIQUID NETWORK UPDATE: ECOSYSTEM ACTIVITY
Status as of September 28, 2026, 05:48 UTC
Security Audit and PAK update
An independent external security audit of Elements v23.3.4 is now underway, providing an additional layer of validation as we work toward the safe restoration of peg-out operations.
In parallel, the Liquid Federation is coordinating an update to the PAK list, including the replacement of existing entries and ensuring all peg out keys are properly secured in cold storage.
These efforts are important steps toward resuming secure peg-out operations. We expect to share further updates on the path to resumption shortly.
Liquid Network 🌊 retweeted
We have published the technical security assessment of the September 6 Liquid incident, which details the root cause and mechanics of the exploit, an incident timeline, and the engineering and security changes being implemented in response.
blog.blockstream.com/liquid-…
Liquid Network 🌊 retweeted
Simplicity website got a refresh! All the tooling and research projects are in one place now. Go check out what can be built with SimplicityHL!
simplicity-lang.org
Liquid Network 🌊 retweeted
Update: BTSE has resumed USDT deposits and withdrawals on the Liquid Network.
We believe the recent security incident and underlying vulnerabilities have been largely resolved. Blockstream identified and patched the underlying Elements software bug, and the network has been stable since.
Normal services for USDT on Liquid have been restored. @Liquid_BTC @Blockstream
LIQUID NETWORK UPDATE: ECOSYSTEM ACTIVITY
Status as of September 17, 2026, 21:05 UTC
Network and Ecosystem Status
Since resuming on September 10, block production and network transactions, including LBTC transfers, have operated normally. Peg-out operations remain paused while work continues with Federation members and partners toward their safe restoration. Markets and services across the ecosystem are back online.
@mifielfirma has resumed the issuance and transactions of its digital promissory notes, with batches confirming normally. At the exchange level, @BTSE_Official reports that its platform has re-enabled USDT-Liquid transfers and the asset is unaffected by the incident.
@AquaBitcoin reports that Liquid asset transfers and peg-ins are available. Its new swap feature, Indra, is also live, enabling swaps between LBTC and Lightning BTC, although liquidity remains limited.
Other wallets are restoring core functionality as well. @BULLBITCOIN_ and the @Blockstream App report that Liquid asset transfers are available, although LBTC<>BTC and LBTC<>Lightning swap routes on those services remain unavailable until peg-outs are restored.
Meanwhile, other non-LBTC swap services are returning, with @sideshiftai re-enabling cross-chain swaps for $USDT and $DEPIX on Liquid.
Please note service availability varies by provider, and users should confirm deposit, withdrawal and swap availability through each provider’s official channels.
BTC Recovery and Peg-Outs
As previously reported, 3,400 BTC of the ~4,000 BTC withdrawn on September 6 has been returned to the Federation reserve. Approximately 600 BTC remains unreturned, and efforts to pursue its recovery continue.
We understand that the central question for LBTC holders is when peg-outs will resume. While we are not yet able to provide a firm date, peg-outs will resume only after full 1:1 BTC backing for LBTC has been confirmed and all required software updates, testing and independent security reviews have been completed.
The Liquid Federation members and Blockstream will share the plan and timing for resuming peg-outs as soon as they are finalized.
Technical Post-Mortem
The root cause and exploit path have been identified, and the immediate fix was released in Elements v23.3.4. A comprehensive technical report detailing the incident will be released as soon as it is available.
Thank You
The Liquid Federation and Blockstream sincerely thank Federation member companies, ecosystem operators, developers, security researchers, and users for their continued work, patience and support throughout the recovery process.
LIQUID NETWORK UPDATE: ECOSYSTEM ACTIVITY
Status as of September 17, 2026, 21:05 UTC
Network and Ecosystem Status
Since resuming on September 10, block production and network transactions, including LBTC transfers, have operated normally. Peg-out operations remain paused while work continues with Federation members and partners toward their safe restoration. Markets and services across the ecosystem are back online.
@mifielfirma has resumed the issuance and transactions of its digital promissory notes, with batches confirming normally. At the exchange level, @BTSE_Official reports that its platform has re-enabled USDT-Liquid transfers and the asset is unaffected by the incident.
@AquaBitcoin reports that Liquid asset transfers and peg-ins are available. Its new swap feature, Indra, is also live, enabling swaps between LBTC and Lightning BTC, although liquidity remains limited.
Other wallets are restoring core functionality as well. @BULLBITCOIN_ and the @Blockstream App report that Liquid asset transfers are available, although LBTC<>BTC and LBTC<>Lightning swap routes on those services remain unavailable until peg-outs are restored.
Meanwhile, other non-LBTC swap services are returning, with @sideshiftai re-enabling cross-chain swaps for $USDT and $DEPIX on Liquid.
Please note service availability varies by provider, and users should confirm deposit, withdrawal and swap availability through each provider’s official channels.
BTC Recovery and Peg-Outs
As previously reported, 3,400 BTC of the ~4,000 BTC withdrawn on September 6 has been returned to the Federation reserve. Approximately 600 BTC remains unreturned, and efforts to pursue its recovery continue.
We understand that the central question for LBTC holders is when peg-outs will resume. While we are not yet able to provide a firm date, peg-outs will resume only after full 1:1 BTC backing for LBTC has been confirmed and all required software updates, testing and independent security reviews have been completed.
The Liquid Federation members and Blockstream will share the plan and timing for resuming peg-outs as soon as they are finalized.
Technical Post-Mortem
The root cause and exploit path have been identified, and the immediate fix was released in Elements v23.3.4. A comprehensive technical report detailing the incident will be released as soon as it is available.
Thank You
The Liquid Federation and Blockstream sincerely thank Federation member companies, ecosystem operators, developers, security researchers, and users for their continued work, patience and support throughout the recovery process.
Liquid Network 🌊 retweeted
Liquid update for BULL Wallet users
The Liquid Network has been resumed, producing blocks and processing transactions again.
However, Swaps from L-BTC to BTC and L-BTC to LN remain unavailable until the 1:1 peg is fully restored and peg-out operations are allowed again.
BULL’s default receiving wallet, aka Secure Bitcoin Wallet, which uses the Bitcoin network for transactions, is unaffected by this incident.
BULL’s instant payments wallets use the Liquid Network. While it is now possible for users to receive payments via Liquid, we strongly discourage them from doing so.
The BULL wallet automatically prevents users from accumulating more than 1,000,000 sats in their wallet via its autoswap feature, which is enabled by default.
While we wait for the Liquid Network peg to return to its full 1:1 reserve, this feature is not functional.
What’s next
We are confident the 1:1 peg will be restored and that no BULL Wallet user will lose funds as a result of this incident. Once full backing and peg operations are restored, you will be able to convert your L-BTC to BTC or to LN as before.
If full backing cannot be restored, we will advocate on behalf of our users for a recovery plan that lets every affected user recover funds proportional to the peg ratio.
BULL’s primary directive is, and always has been, to make Bitcoin a useful, private and censorship resistant means of exchange. Only then can our Mission to Destroy Fiat be realizable.
BULL first integrated Lightning in its exchange in 2018. Since then, we have kept up with all new developments in the space, examined all available alternatives and tradeoffs in depth. We have presented on this topic at technical conferences, and we plan on soon releasing more insights into our approach.
We thank our amazing users for their patience and support.
Despite the difficult cybersecurity incidents of the past few months, we remain dedicated to building infrastructure to make Bitcoin a scalable and usable form of money.
Liquid Network 🌊 retweeted
The Liquid-to-Lightning swap limit in AQUA Wallet has been increased from 70k Sats to 100k Sats per transaction. ⚡
This update allows you to send larger Lightning payments while Indra remains in open beta.
We will continue monitoring liquidity as we expand swap capacity further. 🫡
Liquid Network 🌊 retweeted
We have overhauled, updated, and cleaned up the Simplicity docs website. Go learn how to write your first SimplicityHL smart contract!
docs.simplicity-lang.org/
Liquid Network 🌊 retweeted
Backing close to $5B+ USD in digital promissory notes (pagarés) on @Liquid_BTC, uptime is vital for us.
We began broadcasting our queued issuance transactions, and batches are clearing cleanly.
Huge credit to @Blockstream & all 15 functionaries for the quick recovery.
Liquid Network 🌊 retweeted
Reminder: $USDT and $DEPIX on @Liquid_BTC have been re-enabled.
Trade them, cross-chain, on SideShift.
Shift now → sideshift.ai/btc/usdtla
