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BTC Liquid Network reportedly suspended bitcoin redemption for 35 days
According to unconfirmed reports, Liquid Network has suspended bitcoin redemption for 35 days after an attacker took control of approximately US$49.69 million worth of bitcoin funds. As of this writing, these news are still circulating. This freeze stops specific redemption functions on the network, preventing users from converting Liquid Bitcoin (L-BTC) back to on-chain BTC within a specified period of time.
Scope of the 35-day redemption freeze
According to reports, this action targets a redemption mechanism that allows Liquid Network participants to withdraw L-BTC positions to the Bitcoin base layer. According to unconfirmed information, the freeze is clearly limited to redemption operations and does not necessarily constitute a shutdown of the entire platform. However, at the time of release, there was no official statement to independently verify the exact scope of affected services.
Liquid Network is a Bitcoin sidechain operated by Blockstream that uses a federated peg model in which a group of officials jointly control Bitcoin reserves supporting L-BTC. The 35-day freeze is significant because it exceeds the standard emergency time-lock mechanisms built into network design that are designed to protect user funds from the federation's loss of a quorum. Prior to an official announcement, users monitoring positions on the network should treat all operational details as unconfirmed information.
The attacker allegedly holds US$49.69 million in Bitcoin
A single source reported that the attacker currently holds positions worth $49.69 million. This number has not been independently confirmed by comparison with on-chain data, and no transaction hash, wallet address or block browser entry has been provided to verify the existence, source or current custody status of the position. Based on the available evidence, this figure of $49.69 million should be regarded as an assertion in a report rather than an established fact.
Events involving large-scale Bitcoin escrow failures are directly related to users of Bitcoin's Layer 2 network and sidechain infrastructure. For example, a Malaysian investor lost US$3.05 million in a suspected cryptocurrency wallet hack, which suggests that custody vulnerabilities at different levels in the Bitcoin ecosystem can lead to direct user losses, even if the base layer itself is not affected.
What a redemption freeze means for Liquid users
During the specified 35-day window period, users holding L-BTC on the Liquid Network cannot convert these positions into native Bitcoin through the standard anchored exit process. The conduct of transactions, Liquid-based asset offerings, and other online activities may remain normal, depending on the specific scope of the freeze, but there has been no official clarification of which functions are affected and unaffected.
对于持有者的实际风险在于时间锁定的流动性缺失：即使底层比特币储备完好无损，无法在 35 天内赎回也使 L-BTC 持有者面临相对于现货比特币价格的基差风险。这种动态在结构上与在其他联合或多重签名桥接架构中面临的约束相似，当签名者受到损害或无响应时尤为明显。从基础设施层传播到终端用户托管风险的漏洞事件，例如通过官方经销商蔓延至欧洲的 Ledger 供应链攻击，展示了这些漏洞如何深刻地影响到没有直接参与泄露事件的持有者。
在 35 天窗口期内需要关注的事项
需要监测的主要里程碑是 Blockstream 或 Liquid 联合官员发布的任何官方声明，以确认或反驳有关冻结、其持续时间以及事件性质的报道。如果 35 天的窗口期与网络的紧急时间锁机制有关，那么基于倒计时的解决方案可能已经在进行中，而无需联合采取行动。
观察人士还应关注关于所报告的 4969 万美元攻击者头寸的链上证据，包括可以独立验证资金托管的任何钱包地址、交易哈希或 Mempool.space 条目。缺乏这些主要的链上数据，所报告的持仓就无法确认为事实。任何缩短或延长所述 35 天冻结期的措施、二级市场上 L-BTC 锚定估值的变化，以及是否有除最初报告范围之外的更多联合签名者受到损害，都是会实质性改变事态发展的具体进展。
常见问题解答：Liquid Network 赎回冻结
Liquid Network 的赎回被冻结多久？
根据未经证实的报道，Liquid Network 的赎回已被冻结 35 天。在发布时，此窗口的开始日期和确切到期日尚未得到官方确认。
攻击者据称持有多少比特币？
一份未经证实的报告称，攻击者持有的比特币当前价值为 4969 万美元。在现有证据中，这一数字尚未追溯到特定的链上交易或钱包地址。
关于此事有哪些已确认的信息？
As of the time of writing, no major sources, official announcements, or on-chain data points for independent verification have been confirmed. The incident is based on a single report. Readers should monitor official channels of Blockstream and Liquid Network for verified updates before taking any action on L-BTC positions. To gain a broader understanding of Bitcoin custody security, the case of CleanSpark financing round securing 13,530 BTC illustrates the different ways institutional holders and sidechain bridge users handle large Bitcoin custody.
