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Nov 3, 2026

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 sources

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Top claims

▪The Liquid Network public dashboard on November 3, 2026 showed 4,270.54 BTC held in reserve matching 4,270.54 BTC pegged into LBTC
▪Blockstream released Elements v23.3.4, disabling proof validation caches and hardening consensus rules to fail closed
▪Liquid Federation board member Samson Mow stated Blockstream supplied 600 BTC for a deficit from the September 6, 2026 Liquid Network exploit, tracking 50 BTC sent October 28, 2026, and 300 BTC and 250 BTC sent November 2, 2026

Topics

Liquid Network exploit and redemption freeze Crypto hacks Bitcoin Crypto security AI's Role in Accelerating Vulnerability Discovery

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