
#LiquidSidechainHalt
About LiquidSidechainHalt
Liquid Network said on Sep 7 that around 4,000 BTC, worth roughly $320M, left its Federation wallet via SideSwap peg-out authorization key. Liquid says that key and the others were not compromised. SideSwap then said Blockstream confirmed the L-BTC in the order had been created by a bug in the Elements software. Bridge nodes are disabled, the sidechain has paused new transactions, and exchanges are halting LBTC deposits and withdrawals. USDT, DePix and RWA assets on Liquid are unaffected.
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