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Liquid Network restores user swap function; peg and balance verification to follow

Liquid Network said its user swap function has been restored, with federation members able to use a semi-automated swap service. The Bitcoin sidechain operator added that asset peg and balance verification functions will also return to normal soon. The update follows a disruption to the network’s swap service, though no cause or timeline for full recovery was given.

Original source

AI take

The restoration of user swaps is the first concrete sign of recovery, but the fact that federation members are relying on a semi-automated service suggests the fix is partial rather than complete. That matters most for holders of Liquid-issued assets who depend on the peg mechanism for redemption confidence, since peg and balance verification remain pending. The absence of a stated cause leaves the durability of the fix unresolved. Whether full verification returns without further disruption is the open question worth tracking.

Generated by AI for reference only.

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