CryptoDecryptabout 2 hours ago
Liquid Network Restores Bitcoin Backing
3 min read
Liquid Network fully restored its Bitcoin reserves two months after a September exploit, reestablishing 1:1 backing for all LBTC. The incident involved purported white-hat hackers withdrawing about 4,000 BTC worth around $320 million, returning 3,400 BTC but keeping roughly 598 BTC. Blockstream CEO Adam Back warned developers to treat AI-suggested fixes with suspicion following the breach.
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