Liquid Network Peg-Outs Frozen 35 Days as Backing Sits at 86%

• —Nearly 4,000 BTC was drained; 3,400 BTC returned, 598.5 BTC still held by the attacker
• —Liquid's backing stands at 86%, leaving 14% of holders' assets uncovered
• —Peg-outs have been frozen for 35 days pending an external audit of Elements v23.3.4
• —The attacker demands a 10% bounty; users exit via Sideswap and Sideshift at roughly 5% cost