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. The Liquid Federation confirmed on November 3 that its reserves once again match the amount of LBTC in circulation, restoring the network’s intended 1:1 relationship […]
Key Takeaways
- 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.
- The Liquid Federation confirmed on November 3 that its reserves once again match the amount of LBTC in circulation, restoring the network’s intended 1:1 relationship […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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