Liquid Network at 86% Backing as Bitcoin Redemption Freeze Drags On

Crypto Insight Summary: It has been 35 days since an attacker exploited a vulnerability in the Liquid Network’s Elements software, draining nearly 4,000 BTC from the protocol, and although 3,400 BTC has since been recovered, redemptions of LBTC for actual bitcoin remain suspended as an independent external security audit of Elements v23.3.4 is underway. Liquid Network Peg-Outs Remain […] Crypto Insight Analysis: Direction: Bearish LBTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Peg-out suspension and security audit create uncertainty for LBTC holders.