✔ VERIFIED First reported by The Defiant · Nov 3, 00:12 UTC · updated Nov 3, 14:41 UTC
Liquid Network Restores 1:1 Bitcoin Backing After $320M Exploit
TL;DR Liquid Network restored 1:1 Bitcoin backing for all LBTC two months after an exploit drained about 4,000 BTC, worth roughly $320 million, from the Federation wallet. Around 3,400 BTC were…
Common to all reports: Liquid Restores Full Bitcoin Backing · Exploit · Network · $320
Confirmed by 7 sources
- The Defiant (crypto newsroom · US) · Nov 3, 00:12 UTC · read at the source
- Bitcoin.com News (crypto newsroom · US) · Nov 3, 09:30 UTC · read at the source
- Decrypt (crypto newsroom · US) · Nov 3, 11:22 UTC · read at the source
- The Block (crypto newsroom · US) · Nov 3, 11:49 UTC · read at the source
- Cryptonomist (crypto newsroom · Europe) · Nov 3, 12:22 UTC · read at the source
- Bitcoinist (crypto newsroom · International) · Nov 3, 13:07 UTC · read at the source
- Crypto Economy (low-credibility outlet · International) · Nov 3, 14:41 UTC · read at the source
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Tags: Macro, Hack/Exploit, Security, Bitcoin, BTC
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