Security1 source
Liquid Network Restores Bitcoin Backing After Major Hack
Headline from Bitcoinist
Key points
- Liquid Network has restored full Bitcoin backing for its LBTC tokens nearly two months after a major security exploit drained $320 million from the Bitcoin sidechain.
- On November 3, the Liquid Federation confirmed that reserves once again match the circulating supply of LBTC, successfully reinstating the network's intended 1:1 backing ratio following the critical recovery milestone.
Summarized automatically by Kryptokite from reporting by Bitcoinist. Read the original sources for full detail.
Coins mentioned
Sources
- BitcoinistLiquid Network Restores Bitcoin Backing After Major Hack · 2 hours agoRead on Bitcoinist
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