Building Bitcoin capital markets.
Joined December 2019
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Liquid Network 🌊 retweeted
ICYMI: ⚖️ @Liquid_BTC restored full 1:1 #Bitcoin backing for L-BTC after closing the shortfall from its September exploit.
btctimes.com/liquid-network-…
Liquid Network 🌊 retweeted
All AQUA core services are back to normal. ⚡️
✅ Peg-ins and Peg-outs.
✅ Lightning sending and receiving.
✅ Liquid USDT cross-chain swaps via @sideshiftai and @Changelly_team.
Thank you for your patience. We are so back! 🌊
Liquid Network 🌊 retweeted
Liquid Network federation holdings have been restored by @Blockstream, 1:1 peg is restored, 100% solvent ✅
Liquid Network 🌊 retweeted
Another 300 BTC has been added to the Liquid Network peg wallet. Out of the 600 BTC deficit, 250 BTC remain outstanding.
Liquid Network 🌊 retweeted
Another 300 BTC moved to the @Liquid_BTC Federation wallet. Shortfall is now reduced to 250 BTC.
mempool.space/tx/2701150a160…
Liquid Network 🌊 retweeted
Liquid peg update
Another 300 BTC went into the Liquid Federation peg wallet today, after 2.5 BTC on 27 Oct and 50 BTC on 28 Oct.
Reserve now ~4,018 BTC against ~4,268 L-BTC outstanding (liquid.network). We hope to see the network fully restored soon.
mempool.space/tx/2701150a160…
Liquid Network 🌊 retweeted
Another 50 BTC added. 550 BTC to go.
I want to correct some of the news reporting as well. Some media outlets were saying peg-outs will only resume when all 600 BTC were added back, but the federation has already been conducting semi-automated peg-outs for the last week to members.
From an end user perspective (users of @AquaBitcoin, @side_swap, or @BULLBITCOIN_) they could already peg-out L-BTC to BTC for more than a week already.
A test transaction for 2.5 BTC was sent to the @Liquid_BTC Federation wallet, reducing the shortfall to 600 BTC. The remaining 600 BTC will be moved to the wallet in the coming days. All network operations are continuing normally.
mempool.space/address/bc1qdl…
Liquid Network 🌊 retweeted
Blockstream is making headlines in Lugano, from our new office to quantum security.
Blockstream Consulting Services gives Swiss banks and asset managers direct access to our experts.
Check out coverage from @CdT_Online, @finews_ch and @BitcoinMagazine featuring @adam3us. 🇨🇭
Liquid Network 🌊 retweeted
Day two at @LuganoPlanB: @n1ckler of @blksresearch on the race to replace Bitcoin's signatures, Jade Plus from @BlockstreamJade at the booth, NFC cards paying out in @Liquid_BTC, and self-custody workshops at Asilo Ciani. That's a wrap.
Thank you, Lugano. 🇨🇭
Liquid Network 🌊 retweeted
So, what actually happened with the Liquid hack? 🤔
I asked @Excellion (Jan3, and a board member on the Liquid board) for the TLDR on The Starting Block in Lugano 👇
"A white hat, more grey hat hacker hacked the Federation wallet, took a number of coins out, returned some and withheld about 600 BTC."
- The negotiation played out in public, on OP_RETURN
- Peg-outs are back and he says @Liquid_BTC is running normally
- His take on the cause: "It's the normal of AI attacks. It hit Bitcoin first, then it hit Lightning, then it hit Liquid."
Full answer 👇
Liquid Network 🌊 retweeted
We doubled the Indra swap limit to 500K Sats. 🚀
Keep in mind that since Indra remains in open beta you might still experience occasional routing failures. If your payment fails please submit a support ticket so we can investigate the issue.
We appreciate your feedback. 🙏
Liquid Network 🌊 retweeted
UPDATE: @Liquid_BTC peg operations are resuming. Indra swap fees are reverting back to 0.25% and rate limits are being relaxed. @side_swap functionality within AQUA is also back to normal, so you can now peg out at a 1:1 L-BTC to BTC ratio. Thanks for your patience! 🐬🌊
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
Great to see the hack is being recovered from! Way to go @Liquid_BTC @blockstream @adam3us !
We at @nym run a Liquid functionary and are proud supporters of the use of privacy tech in its sidechain of Bitcoin.
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
Peg operations are resuming for @Liquid_BTC. The external security audit is complete and looks good. Additional hardening measures are also done.
Liquid users are now able to peg-out via @side_swap and @AquaBitcoin.
The ~600 BTC shortfall will be added to the Federation wallet in the coming days.
Everything is almost back to normal! 🙏🏻🌊
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
LBTC:BTC swaps full service again. swap @liquid_btc to/from mainchain BTC on @side_swap. swap @liquid_btc to/from lightning on @AquaBitcoin. teapawt.net/Liquid_BTC/status/2112…
Liquid Network Restoration Update
With key technical milestones completed and network operations stable, user swap functionality is now restored with semi-automated swaps for Federation members. Normal peg and balance validation will be reinstated soon.
The Liquid Network’s members appreciate the broader Bitcoin community’s support and advocacy as we work to not only provide the restoration, but also harden the network’s security structure.
blog.liquid.net/liquid-netwo…
Liquid Network 🌊 retweeted
LIQUID NETWORK BEGINS RESTORING BITCOIN PEG OPERATIONS FOLLOWING SECURITY INCIDENT
Samson Mow reports that the Federation will add the 600 BTC shortfall to the Federation wallet in the coming days.
The @Liquid_BTC Federation says it has completed an independent security audit and implemented additional security measures as the network enters the final stages of recovery.
Users can now convert L-BTC back to BTC through supported swap providers, including @side_swap, without protocol-imposed volume limits.
Direct Federation peg-outs remain restricted until full 1:1 bitcoin backing is restored and final security requirements are met.
The Federation says updated software for managing bitcoin reserves has been deployed, with safeguards in place to prevent unauthorized withdrawals.
