Liquid’s Bitcoin Reserves Fully Back Its Tokens Again as Board Member Points to Blockstream
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The Liquid Federation said its bitcoin reserves are once again fully backing the network's tokenized bitcoin supply, closing the roughly 600 BTC hole left by September's exploit. The disclosure came alongside a board member's reference to Blockstream in connection with the shortfall. The gap had raised questions about whether Liquid's L-BTC tokens were fully collateralized after the September hack. Full backing restores the 1:1 reserve claim underpinning L-BTC, a key peg mechanism for the Bitcoin sidechain. Watch next for details on how the 600 BTC was replenished and whether Blockstream bears any liability.
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Named in this story
Liquid Federation, Bitcoin (BTC), Liquid Bitcoin, Blockstream
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