Liquid Network reports 3,996 BTC pegged out after L-BTC burn
Liquid Network says 3,996 BTC was pegged out from the Bitcoin sidechain after a corresponding burn of L-BTC, with nearly $320 million still missing from the federation wallet since September 6.
Nearly $320 million in Bitcoin left the Liquid Network federation wallet on September 6 and has not been returned, according to the source material. The incident involved 3,996 BTC pegged out from the Bitcoin sidechain operated by Blockstream after a corresponding burn of Liquid Bitcoin (L-BTC). The federation's reser…