Liquid Network Restores Full Bitcoin Backing After $320 Million Exploit
The Liquid Federation said reserves now provide 1:1 backing for all LBTC, nearly two months after about $320 million in bitcoin was withdrawn in an exploit. Users have been able to swap BTC and LBTC again for several weeks.
The Liquid Federation announced Tuesday that the sidechain's bitcoin reserves are back to full 1:1 backing for all LBTC, nearly two months after an exploit in which approximately $320 million in bitcoin was withdrawn from the network.Users have been able to swap (BTC) and LBTC again for several wee…