Liquid’s Bitcoin Reserves Fully Back Its Tokens Again as Board Member Points to Blockstream
Photo: Unchained
Bitcoin sidechain Liquid Network once again holds enough bitcoin to back every LBTC token in circulation, the Liquid Federation announced on X early Tuesday, closing a gap of roughly 600 BTC that had stayed open since an exploit in September. The Federation said its reserves had been “fully restored, reestablishing 1:1 BTC backing for all LBTC.” Its post did not say who supplied the bitcoin or how much was added. Samson Mow , a Federation board member who previously worked at Blockstream, said on Monday on X that Blockstream provided the funds.
Source: Unchained
