Blockstream keeps Liquid Network L-BTC peg-outs frozen after nearly 4,000 BTC hack
first published 2026-09-17T20:30:08Z
Nearly two weeks after hackers drained almost 4,000 BTC from the Liquid Network, about 598.50 BTC remains unrecovered and L-BTC peg-outs are still frozen. Blockstream says the 1:1 L-BTC peg will be covered, but holders still cannot redeem while scrutiny rises after additional exploits at Symbiosis and Nomic.
AI Analysis
The article reports a large BTC theft, ongoing frozen peg-outs, and unrecovered funds, which are clearly negative. It also says Blockstream will cover the 1:1 peg, but redemption remains unavailable, making the short-term market impact meaningful.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
