Select what genuinely interests you. Your picks feed directly into our editorial planning. In short: Every L-BTC on the Liquid Network is once again fully backed by real bitcoin. The gap of around 602 BTC that the exploit of September 6, 2026 tore into the reserve has been closed; the last 550 BTC arrived on November 2. The Liquid Federation then officially reported full backing. What remains restricted for now is direct redemption through the Federation itself, known as the peg-out.