Liquid Network restores 1:1 Bitcoin backing for LBTC
BROBROK News · Based on reporting by Livecoins ·
Liquid Network said its Bitcoin reserves are back at full coverage for LBTC, with 4,270.54 BTC matching the amount of LBTC in circulation. The recovery comes after a $320 million attack in early September, from which some funds were not apparently recovered.
Key points
- BTC reserves and LBTC supply are back in a 1:1 ratio.
- The project had lost about 95% of its assets in a previous attack.
- Liquid says the reserves can be independently verified.
- Samson Mow said the bitcoins were provided by Blockstream.
- The team says it will improve governance, security and operational resilience.
Why it matters
For users and investors, restoring full backing lowers the immediate risk around LBTC, but the incident also raises questions about the network’s controls and governance. It is a reminder that custody and security failures can quickly impact trust in Bitcoin-backed assets.
Original headline: “Liquid Network recupera reservas de Bitcoin e LBTC volta a ter 100% de lastro”
Read the original on Livecoins
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.