Liquid Network Resumes Following Massive $320 Million Hack

The Liquid Network has restarted its operations after a major security breach resulted in the theft of $320 million. While the system is running again, the team behind the network has kept peg out functions disabled for the time being. This means users can send transactions, but they cannot yet move assets out of the network and back to the main Bitcoin blockchain.

This restart marks a step forward for the network after a period of total downtime. Security teams are still working to ensure the environment is safe before restoring full functionality. Many users are watching closely to see when they can regain full control over their assets.

The inability to perform peg outs remains the primary concern for the community. Traders should watch for official updates regarding when these withdrawals will reopen. Until then, the platform operates in a limited capacity as the team manages the aftermath of the recent attack.