Bull Bitcoin users are reportedly facing a 30-day wait to reclaim their Bitcoin following a hack on the Liquid Network, according to reports. The incident has affected the ability of users to access their funds, with a mandatory delay imposed as part of the recovery process.
Details about the hack remain limited, but the 30-day waiting period is a known security feature of the Liquid Network, a Bitcoin sidechain developed by Blockstream. This feature is designed to prevent theft by allowing time for transactions to be challenged, but it also means that users cannot immediately access their funds after a security breach.
Bull Bitcoin, a Canadian Bitcoin exchange, has not yet released a detailed statement on the matter. Users are advised to monitor official channels for updates. The incident highlights the ongoing security challenges in the cryptocurrency space, even on networks designed with enhanced security measures.
