Liquid Network Backing Restored After $320M Exploit
Liquid Network backing has been restored to a 1:1 ratio after a September exploit left the Bitcoin sidechain short of reserves, the Liquid Federation announced on November 3. CoinDesk reported that direct Federation withdrawals remained subject to enhanced operational controls. CoinDesk also said the Federation did not disclose the source of the bitcoin used to fill the shortfall. The Block separately reported that Blockstream provided the funds.