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Liquid Network enters final recovery phase following September bitcoin hack

The Liquid Network has resumed operations and entered the final stage of its recovery process following a major bitcoin theft last month.

FTMQ Crypto, written by our newsroom21 October 2026 at 01:050 views

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Picture: Bitcoin Magazine Markets

The Liquid Network has resumed operations and entered the final stages of recovery following a massive security breach, Bitcoin Magazine reported. Hackers stole 4,000 bitcoins from the network's federation wallet in September. Bitcoin Magazine and KuCoin both report that the recovery process has now entered its final phase. [1][3][4]

The stolen 4,000 bitcoins were valued at approximately $320 million at the time of the exploit, according to Bitcoin Magazine. The attacker subsequently returned most of the stolen funds to the network as part of a white hat operation. [1]

As part of its operational restoration, the Liquid Network has restored LBTC to BTC swaps, Blockchain News reported. KuCoin reported that the network is moving to gradually resume bitcoin and LBTC redemptions as security enhancements are put in place. [2][4]

In a blog post, the Liquid Network stated that it is proceeding with enhanced security protocols to safeguard its federation wallet architecture during the final stages of system recovery, according to Bitcoin Magazine. [1]

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In short

Hackers stole 4,000 bitcoins worth about $320 million from the Liquid Network federation wallet in September.
The attacker returned most of the stolen bitcoin in a white hat operation.
The Liquid Network has restored LBTC to BTC swaps as part of its network restart.
The network is gradually resuming bitcoin and LBTC redemptions under enhanced security measures.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

[1]Liquid Network Announces Final Stages of Recovery Following Massive HackBitcoin Magazine Markets, 14d ago (the report this story comes from)
[2]Liquid Network: Restores LBTC:BTC SwapsBlockchain News, 15d ago
[3]Liquid Network Announces Final Stages of Recovery Following Massive HackBitcoin Magazine, 14d ago
[4]Liquid Network to Gradually Resume BTC and LBTC Redemptions as Network Recovery Enters Final PhaseKuCoin, 14d ago

Background

[5]Team Liquid on Wikipedia
[6]List of data breaches on Wikipedia
[7]Qubic restarts blockchain and opens recovery claims following wallet exploit FTMQ Crypto, 14d ago

Our newsroom writes these reports with the help of software, from the 7 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Earlier reports of ours on the same people and subjects.

Qubic restarts blockchain and opens recovery claims following wallet exploitTop Stories, 14d ago
Hackers exploit internal AI tools in six billion dollar Binance theftTop Stories, 6h ago
Blink Wallet introduces inactivity fee on dormant custodial accountsMarket Moves, 8d ago

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