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Liquid Network Hack Update: 85% of BTC Returned but Serious Depegging Risks Loom

Coinpedia·September 8, 2026·1 min read
Liquid Network Hack Update: 85% of BTC Returned but Serious Depegging Risks Loom

Liquid Network suffered a 4,000 BTC exploit worth roughly $320 million, about 95% of its reserves. Hackers claiming to be whitehats returned 85% of funds, approximately 3,400 BTC. The incident raised concerns about Bitcoin layer-2 security and potential depegging risks.

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