Liquid Network Restores Full Bitcoin Backing Following Elements Exploit
Key Highlights: The Liquid Federation has fully restored reserve collateral, reestablishing a strict 1:1 Bitcoin backing for all circulating L-BTC. A final transfer of 250 BTC confirmed in block 974307 closed the remaining deficit, which stemmed from a September exploit of the underlying Elements software. While 1:1 third-party swap options remain available, direct federation peg-outs ...