✉news BusinessCrypto first seen 6 h ago, last 1 h ago, peak #9
Liquid Network restores full bitcoin backing after $320 million exploit
Original: Liquid Network restores full bitcoin backing following $320 million exploit
Liquid Network has restored full bitcoin backing for its L-BTC asset following an exploit that resulted in roughly $320 million in losses. The announcement indicates the shortfall from the attack has been covered, returning reserves to their required levels. Coverage from outlets such as The Block is drawing attention from crypto traders and watchers assessing the fallout.
Why now: People are tracking whether the network has fully recovered from a major security breach affecting bitcoin reserves.
Liquid NetworkBitcoinThe Block
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