The Bitcoin Reserve Was Almost Emptied in the Attack: The Gap at Liquid Was Closed After Two Months
Original headlineSaldırıda Bitcoin Rezervi Neredeyse Boşalmıştı: Liquid’de Açık İki Ay Sonra Kapandı
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The Liquid Federation said it has fully closed the Bitcoin reserve shortfall created by the September 2025 attack on the Liquid network, with all LBTC tokens once again backed one-to-one by BTC roughly two months after the incident. The breach had nearly drained the network's Bitcoin reserves, forcing a halt to LBTC minting and redemptions while the federation rebuilt collateral. The restoration matters because LBTC is a wrapped Bitcoin asset used across Liquid-connected DeFi and exchange rails, and a persistent backing gap would have undermined confidence in the peg. Watch next for the federation's post-mortem on how the reserve was replenished, any changes to custody and attestation procedures, and whether LBTC redemption volumes normalize as holders test the reopened peg.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Liquid Network, Bitcoin (BTC), Liquid Federation, LBTC, CoinDesk
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