Liquid Network Restores 1:1 Bitcoin Backing After $320M Exploit
Security
Liquid Network restored 1:1 Bitcoin backing for all LBTC two months after an exploit drained about 4,000 BTC, worth roughly $320 million, from the Federation wallet. Around 3,400 BTC were returned, while Blockstream supplied Bitcoin that closed the reserve gap after rejecting a demand tied to the unrecovered coins.
BTC
Disclaimer: This content is provided via CryptoNews and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
