Oof.

No surprise then, the "federation" marketing was a hoax and cope by its supporters.

4k BTC is almost the entire liquidity in Liquid according to https://liquid.network

Filiprogrammer

Yea Fili pointed out it was right in front of my face 

https://stacker.news/items/1563609/r/justin_shocknet?commentId=1563619

Another hoax bites the dust.

Darosior thinks it likely is the Liquid side of things rather than the multisig:

![](https://m.stacker.news/155266)

[source](https://x.com/darosior/status/2096679286614712449)

Scoresby

Will probably be some interesting details on this, is it Liquid itself or the "bridge"

Liquid itself is alleged to be some multisig federation (lol), so it may just be the bridge and the majority of corn is safu

(I have no idea how big 4k BTC is relative to the storage side of the network)

Either way, fake L2 wallet users offline again. Will they learn? no.

bitcoin

bitdevs

4k BTC Liquid pegout, OP_Return: "We are whitehats"

Will probably be some interesting details on this, is it Liquid itself or the "bridge" 

Liquid itself is alleged to be some multisig federation (lol), so it may just be the bridge and the majority of corn is safu 

(I have no idea how big 4k BTC is relative to the storage side of the network) 

Either way, fake L2 wallet users offline again. Will they learn? no.