Liquid Network restores 1:1 peg after $320M exploit
Liquid says LBTC is again fully backed 1:1 after September's exploit; the last 300 BTC were added.
What we know
The Block reports full backing restored, and JAN3 confirms a 1:1 peg. Earlier RTs noted 250 BTC outstanding before the final top-up. CZ is discussing the biggest-ever hack on CoinDesk.
Sources
@TheBlockCo
“Liquid Network has restored full 1:1 bitcoin backing for all LBTC”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.