Security1 source
Liquid Network restores full bitcoin backing following $320 million exploit
Headline from The Block
Key points
- Liquid Network has restored full bitcoin backing for its reserves following a major exploit in September that totaled $320 million.
- The platform recovered from the security incident after Blockstream stepped in to provide the necessary funds, successfully bringing the network back to complete collateralization for all its users.
Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.
Coins mentioned
Sources
- The BlockLiquid Network restores full bitcoin backing following $320 million exploit · 1 hour agoRead on The Block
Story timeline
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Liquid’s bitcoin IOUs are fully backed again after a $320 million exploit
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