Liquid has confirmed that Bitcoin redemptions remain suspended despite the resumption of transfers, as reserves were approximately 603 BTC short on October 11. The platform stated that redemption services will only resume once full backing is restored and security reviews are completed.
While transfer functionality has been reinstated, users cannot currently redeem Bitcoin through the Liquid network. The company emphasized that both complete reserve coverage and finalized security audits are mandatory prerequisites before normal redemption operations can restart.
Liquid Bitcoin Redemptions Remain Frozen Amid 603 BTC Reserve Shortfall
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
