Liquid Bitcoin Redemptions Remain Frozen With 85.8% Reserve Coverage
The reserve gap is about 603 BTC. Liquid says peg-outs require full backing and completed security reviews before they can restart.
5d agoopen_in_new
PEG (PEG) — News
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Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On
It has been 35 days since an attacker exploited a vulnerability in the Liquid Network’s Elements software, draining nearly 4,000 BTC from the protocol...
5d agoopen_in_new
South Korea Weighs Crypto Market Makers After JPYC Price Surge
South Korea's FSC is reviewing crypto market makers after JPYC surged on Upbit, exposing how thin liquidity can break a stablecoin's peg. The post Sou...
Sep 28open_in_new
South Korea weighs legalizing crypto market makers after JPYC trades at 4 times its peg on Upbit
South Korea's regulatory reassessment could stabilize crypto markets, fostering investor confidence and potentially boosting market participation. The...
Sep 28open_in_new
South Korea weighs crypto market makers after JPYC trades at 4 times peg
Crypto market making is effectively restricted under South Korea’s manipulation rules, but regulators are reconsidering the approach after a JPYC spik...
Sep 28open_in_new
JPYC Hit South Korea’s Upbit at 1 Yen and Traders Sent It Flying Past 3
This week, Japan’s first licensed yen stablecoin, JPYC, landed on South Korea’s largest crypto exchange, Upbit, and promptly shot higher, briefly reac...
Sep 19open_in_new
L-BTC Peg-Out Still Shut Down as Blockstream Refuses Hacker Demand
It’s been 11 days since the so-called white hat hackers siphoned nearly 4,000 BTC from the Liquid Network. Since then, after the return of 3,400 BTC a...
Sep 17open_in_new
Blockstream Rejects Ransom Demand After Liquid Bitcoin Exploit
Liquid said on Sept. 8 that 3,400 BTC had been returned and about 598.5 BTC remained outstanding; transactions later resumed with peg-outs disabled.
Sep 11open_in_new
Liquid Network resumes block production after $320M exploit
Liquid restarted block production after deploying emergency software updates, though transactions and peg operations remain suspended as recovery effo...
Sep 10open_in_new
Purported White Hats Pull $320M From Liquid Reserve, Putting L-BTC Peg Under Scrutiny
Liquid’s halt turned on the part of the network that matters most to L-BTC holders: the reserve mechanism behind its stated 1:1 Bitcoin peg. Nearly 4,...
Sep 7open_in_new
Liquid Network releases 3,996 BTC after L-BTC burn, risking peg discount when peg-outs reopen
The incident highlights the critical need for robust software security in federated sidechains to prevent systemic risks and maintain trust. The post ...
Sep 7open_in_new
‘We Are Whitehats’: Nearly 4,000 BTC Drained From Blockstream’s Liquid Peg
According to several reports, nearly 4,000 bitcoin worth roughly $319 million appear to have moved out of the Liquid Network’s federation wallet Sunda...
Sep 6open_in_new
Stablecoin Depegs Explained: What Really Happens When a Digital Dollar Breaks the Buck
Stablecoins promise a constant $1, yet USDC has traded at $0.87, Tether’s USDT at $0.88, and Terra’s UST collapsed to virtually zero in a crash that e...
Aug 23open_in_new
Passive Income on Ethereum for All: How Rocket Pool Scales Liquid Staking
Rocket Pool's Saturn 1 upgrade reshapes the math for RPL and rETH holders. Darren Langley, GM of Rocket Pool, sits down with Camila Russo to explain h...
Jul 2open_in_new
Prediction Markets Peg USMNT as Favorite Against Bosnia, With Oddsmakers Hoping For Penalty Shootout
Prediction markets have pegged the United States as an overwhelming favorite to reach the World Cup’s Round of 16 when the host nation meets Bosnia an...
Jul 1open_in_new