Blockstream pauses Liquid Network peg-outs after hack, leaving Bull Bitcoin users facing up to 30-day BTC recovery delay
first published 2026-09-23T15:20:00Z
Bull Bitcoin says customers may have to wait up to 30 days to convert L-BTC back to BTC after Blockstream paused Liquid Network peg-outs following the Sept. 6 hack. The attackers reportedly returned most stolen funds but still hold 598.50 BTC, and Bull Bitcoin says its estimate is only an educated guess.
AI Analysis
The summary reports a hack, a pause in peg-outs, and a potential 30-day delay for users to reclaim BTC, all of which are immediate negative operational developments. It also notes 598.50 BTC remains with the attackers, adding to the adverse impact.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
