Liquid Network restores Bitcoin reserves after attack
BROBROK News · Based on reporting by Portal do Bitcoin ·
The Liquid Federation said Liquid Network has fully restored its Bitcoin reserves two months after an attack drained most of them. It also said LBTC is back to full 1:1 backing with BTC, and users can verify the network’s reserves directly.
Key points
- The federation says assets now match liabilities at 100%.
- LBTC has returned to a 1:1 peg with BTC.
- Adam Back said the network added technical and operational safeguards.
- The federation did not explain how the reserve shortfall was covered.
- The September incident involved about 4,000 BTC, with part later returned.
Why it matters
The episode highlights the security and governance risks facing Bitcoin-related infrastructure beyond the base layer. It may also shape how users assess trust in sidechains and federated custody models.
Original headline: “Liquid Network restabelece suporte ao Bitcoin dois meses após ataque de US$ 320 milhões”
Read the original on Portal do Bitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.