BULLISH 45 Bitcoin.com News 1H ago · 1 min read

Good News, Finally: Liquid Network Restores Its Bitcoin Reserves

AI summary

The Liquid Network, a Bitcoin sidechain hacked in September, has restored its bitcoin reserves, with its LBTC token now fully backed by bitcoin again. Blockstream's Samson Mow said 250 BTC was added, closing out the remaining shortfall. The recovery removes a lingering counterparty concern for holders of LBTC and is a modest confidence boost for Bitcoin sidechain infrastructure after a string of hack stories.

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1 linked story · 2 outlets · since 3 Nov

14M AGO

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

CoinDesk · Score 55 · via Liquid, fully backed
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Good News, Finally: Liquid Network Restores Its Bitcoin Reserves

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