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Liquid’s bitcoin (BTC) IOUs are fully backed again after a $320 million exploit

CoinDeskView source article

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Liquid Federation restores full bitcoin backing for LBTC after September exploit

The Liquid Federation announced it has restored 1:1 Bitcoin backing for all LBTC tokens nearly two months after a software flaw allowed an attacker to drain approximately $320 million in BTC from its reserves.

Nov 3, 2026·3 sourcesLiquid Network exploit and redemption freezeCrypto hacksBitcoinCrypto securityAI's Role in Accelerating Vulnerability Discovery
Liquid Federation restores full bitcoin backing for LBTC after September exploit
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Other sources for this story

Cryptopolitan

Liquid restores 1:1 BTC backing as Adam Back warns on AI fixes - Cryptopolitan

Unchained

Liquid's Bitcoin Reserves Fully Back Its Tokens Again as Board Member Points to Blockstream - Unchained