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Liquid says reserve shortfall narrows to about 600 BTC after test transfer

NewsFeeds update

Samson Mow, a Liquid Federation member, says the network's reserve shortfall has narrowed to about 600 BTC after a test transfer, with the rest expected within days. Direct redemptions will resume only once reserves are fully backed, after an attacker minted about 4,000 L-BTC and moved about 4,000 BTC; 3,400 BTC has been returned.

BitcoinChainCatcherAIBearish

Read the original on ChainCatcher

The story so far: Liquid Network reserve shortfall recovery

An attacker minted about 4,000 L-BTC without Bitcoin backing, cutting reserves; most tokens were returned. A final 250 BTC deposit on 2 November closed the gap, and SideSwap now shows 4,270.54 BTC backing an equal amount of L-BTC, though direct federation redemptions remain limited.

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  1. Liquid says reserve shortfall narrows to about 600 BTC after test transfer

  2. JAN3 CEO Samson Mow says 600 BTC reserve gap remains after test transaction

  3. Liquid Network says Bitcoin reserves fully restored, LBTC backed 1:1

  4. Liquid says 4,270.54 BTC now backs equal amount of L-BTC after September exploit

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.