✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #5
Liquid Bitcoin Redemptions Still Frozen at 85.8% Reserve Coverage
Original: Liquid Bitcoin Redemptions Remain Frozen With 85.8% Reserve Coverage
The Liquid Bitcoin product remains unable to process user redemptions, with reserve coverage reported at 85.8%, meaning assets held fall short of full backing. Holders still cannot withdraw their funds at par, and the shortfall figure is drawing scrutiny of the platform's solvency and its plans to restore full convertibility. No timeline for unfreezing redemptions has been given.
Why now: Frozen redemptions and a sub-100% reserve ratio raise solvency concerns for holders of the token.
Rank over time, top of the chart is #1. 8 snapshots from 1 d ago to 1 d ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1876518