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Adam Back
@adam3us
cypherpunk, cryptographer, privacy/ecash, inventor hashcash (Bitcoin mining) PhD Comp Sci. Co-Founder/CEO & Co-Founder/CEO @bstrco
1.7K Following    967.4K Followers
USDt on Liquid is moving on Bitfinex again. Deposits and withdrawals of Liquid USDt are live and working, so you can move USDt between Bitfinex and your SideSwap wallet in both directions. L-BTC deposits and withdrawals on Bitfinex remain paused for now.
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These last few days, the @Blockstream team, the Liquid functionaries, and network partners have shown real sincerity and professionalism - we've been in constant dialogue throughout. Deeply grateful. The work isn't done yet and everyone is aware
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BULL just upgraded its CLN nodes used by the exchange. We never shut them down. We did security reviews early august and had temporarily prevented new channel opens to mitigate risks. Thanks @Core_LN for the patch! People should upgrade. We also upgraded LND too.
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More progress on @Liquid_BTC services being restored in @AquaBitcoin. Thank you @sideshiftai! 🐬❤️
⚡️CAPITAL B I Snow Crash⚡️ @_ALCPB @AlexandreLaizet @Kosanovic_V @adam3us @dannyfonse @LudoCL1 #CapitalB# #ALCPB# #BTC# #Satoshi# #BTCTC# $ALCPB 🇫🇷 $CPTLF 🇺🇸 $CALCPB 🇺🇸
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The top priority for the Liquid Federation has been to restore network operations. While it would have been ideal to have peg operations back as well, enabling transactions was critical, as @Liquid_BTC is much more than just L-BTC. In addition to stablecoins, there are nearly $5B in RWAs originating from groups like @stokr_io and @mifielfirma and trading on @BFXSecurities that depend on the network running smoothly. 🌊
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The @Liquid_BTC Network has officially entered a controlled resumption phase following successful software updates by @Blockstream and node operators. Block production and transaction processing have resumed, and direct Liquid to Liquid transactions are now confirming on the network. USDT and DePix are now back online. Peg-in and peg-out operations remain temporarily suspended while efforts to restore full 1:1 reserve backing continue. While out-of-band peer-to-peer transfers are technically possible on-chain, we strongly advise against conducting manual L-BTC swaps at a discounted ratio, as active work is underway to restore full backing. What this means for you as an AQUA Wallet user: ▪️ Liquid to Liquid and native on-chain Bitcoin transactions are fully functional ▪️ Peg operations remain temporarily paused ▪️ Swaps (all pairs) inside the app will function if dealers are online and liquidity available ▪️ Liquid USDT swaps across chains should work as usual as soon as the liquidity providers enable them ▪️ Your private keys remain completely secure throughout this process While we are working on restoring full service, please remain vigilant against phishing scams and fake update sites. AQUA team members will never ask for your seed phrase or send unsolicited direct messages.
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LIQUID NETWORK UPDATE: TRANSACTIONS RESUMED, PEG-OUTS DISABLED Status as of September 10, 2026, 19:55 UTC Recovery Status The Liquid Network has entered into its next recovery phase. Block production has resumed, and functionary nodes are signing and validating blocks. Transactions on the network have resumed, while peg-outs remain disabled as a precautionary measure while the final stage of recovery continues. Rigorous testing, AI-assisted code scanning, and continuous network monitoring are underway by internal and external teams. Further information on the resumption of peg-outs will be shared once available. Important: What You Should Know Users do not need to take any proactive steps at this time. If you operate a Liquid node, please update to Elements v23.3.4 immediately. Reminder: Beware of Scams There are reports of scammers attempting to exploit the situation through fraudulent update sites and messages. Please rely only on official Liquid Network, Blockstream Jade, and Blockstream channels. Never send funds to unfamiliar addresses, transfer assets to unknown channels, or disclose private keys or seed phrases in response to unsolicited communications. More Updates Soon Updates will be shared through official Liquid Network and Blockstream channels. The Liquid Federation and Blockstream again sincerely thank the broader Bitcoin community for its continued assistance and support during this recovery.
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Backing close to $5B+ USD in digital promissory notes (pagarés) on @Liquid_BTC, uptime is vital for us. We began broadcasting our queued issuance transactions, and batches are clearing cleanly. Huge credit to @Blockstream & all 15 functionaries for the quick recovery.
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Liquid is producing blocks again and SideSwap markets are open. Swaps work as before. New peg-ins and peg-outs stay closed while the Federation's security review is done. On L-BTC backing and what to expect from our markets:
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Liquid Network is back online. Block production resumed today, 10 September 2026 at 10:00 UTC, and the network is operating normally again. The pause affected on-chain settlements only. Holdings of digital securities issued through STOKR are unchanged, and settlements on-chain have resumed. Our team continues to monitor the network and remains on alert.
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The entire incentive of mining bitcoin is profit. You only mine bitcoin at scale if the asset you generate is worth more than the cost to produce it. Section 6 of the whitepaper makes this clear. You can’t remove the profit motive from a functioning bitcoin network!
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Somebody paid 80 cents to write eight words into the Bitcoin blockchain: "we are whitehats. contact us on chain." Four hours earlier they had walked out of Liquid with 3,998 BTC. $320 million. 95% of everything in the vault. They didn't steal a key. They didn't break the 11-of-15 federation. What happened next has no precedent. We made a 6-minute film about it. 📺
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BlukeCoiners: SpAmCoIn iS cApTuReD Also BlukeCoin CEO:
JUST IN: $350B Edelman Financial founder Ric Edelman is confirmed to speak at the Bitcoin Treasuries Conference on Sept 28 in NYC. He built America's largest RIA, serving 1.4M families, and is coming on stage to break down why RIAs will drive billions into #Bitcoin#. Reserve your seat now and get 10% off using the link in the comments:
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Major development at the intersection of DeFi and TradFi, crypto and Bitcoin.
Nasdaq is investing $100 million in Payward, the parent of cryptocurrency exchange Kraken
New phishing emails targeting @Liquid_BTC users. 🚨⚠️ Threat actors are directing users to fake update sites to trick them into installing malicious software. Never download executable files from email links, and always rely on official channels for updates.
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"When the two armies meet in the field of battle, the pragmatists are always going to flee from an adversary with conviction" -@real_vijay (in 2017 about forks)
miners are service providers. non-economic nodes are sybils. economic nodes transmit the markets view. the market prevails. we knew this in 2017. we told 110 promoters, they insisted to FOFO. so they did. we tried to persuade those being misled, and i hope they stayed or come back.
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Average Bitcoin hodler morning routine.🌞
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