Bitcoin
Liquid Network restores 1:1 LBTC backing after $320M exploit
Liquid Network has fully restored 1:1 LBTC backing after a $320 million exploit, with Blockstream contributing funds to cover the remaining deficit.
Liquid Network has fully restored 1:1 LBTC backing after a $320 million exploit, with Blockstream contributing funds to cover the remaining deficit.
Liquid Network has recovered 3,400 BTC from a recent withdrawal, but 598 BTC remains missing, leaving nearly $47 million under purported white hats' control.
An attacker offered to return most of roughly 4,000 BTC withdrawn from a Liquid Federation wallet after Blockstream confirmed a bug fix, with the withdrawal valued at approximately $317.6 million.