Update
Liquid Network Halted Bitcoin Redemptions
Liquid Network, a Bitcoin sidechain managed by Blockstream, has halted Bitcoin redemptions due to a bug in its software that allowed unauthorized L-BTC creation and redemption. As of October 11, 2026, peg-outs remain on hold. The reserve is currently at about 86% coverage of outstanding L-BTC supply, with approximately 603 BTC unreturned. Liquid Network has tied a restart to several conditions, including Blockstream CEO Adam Back's assurance that the 1:1 peg will ultimately be covered. No specific date for resuming redemptions has been provided, but the network has resumed normal block production and user transactions.