Liquid Network resumes block production following a $320 million exploit, though transaction and peg operations remain suspended during ongoing recovery efforts.
The resumption of block production on the Liquid Network, a prominent Bitcoin sidechain, marks a critical first step in stabilizing the ecosystem following a $320 million exploit. While the network is operational, the continued suspension of transactions and peg operations indicates that full recovery remains a work in progress, which may keep market sentiment cautious regarding Bitcoin's layer-2 infrastructure.
No, while block production has restarted, transactions and peg operations remain suspended.
The network was impacted by a $320 million exploit, necessitating emergency software updates.
The Liquid Network, a prominent Bitcoin sidechain, has successfully resumed block production after deploying emergency patches to address a $320 million exploit. While the network is back online, developers maintain a suspension on transactions and peg operations as they continue to assess the security breach and stabilize the infrastructure.
No, while block production has resumed, transaction and peg operations remain suspended as recovery efforts continue.