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Liquid Network Fully Restores Bitcoin Backing After $320 Million Hack Amid Developer Cautions

Crypto News

Liquid Network Fully Restores Bitcoin Backing After $320 Million Hack Amid Developer Cautions

Liquid restores 1:1 Bitcoin backing, but wallet refills remain manual

CryptoSlate

Liquid restores 1:1 Bitcoin backing, but wallet refills remain manual

SideSwap reports full L-BTC backing, while customer payouts still depend on its own Bitcoin wallet and manual refills. Read the full story on CryptoSlateUnderstand the crypto stories that matter...

Liquid Network Restores Bitcoin Backing After Major Hack

Bitcoinist

Liquid Network Restores Bitcoin Backing After Major Hack

Liquid Network has restored full Bitcoin backing for its LBTC tokens, marking a vital recovery milestone nearly two months after a security exploit drained $320 million from the Bitcoin sidechain....

Liquid restores BTC backing as Adam Back warns developers not to trust AI-suggested fixes

Cryptopolitan

Liquid restores BTC backing as Adam Back warns developers not to trust AI-suggested fixes

Following a September exploit that drained about $320 million in BTC and left a gap in its reserve, the Liquid Federation has now announced that it has restored full 1:1 Bitcoin for LBTC. The...

Liquid’s bitcoin IOUs are fully backed again after a $320 million exploit

CoinDesk

Liquid’s bitcoin IOUs are fully backed again after a $320 million exploit

A final 250 BTC transfer closed the hole left by September’s bug, but the federation behind the network still hasn’t said who paid to fill it.

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