The Liquid Federation said the sidechain's Bitcoin reserves are fully restored, with 1:1 backing reestablished for all LBTC, the token representing Bitcoin on Liquid. The milestone follows the restoration of BTC-LBTC swaps several weeks earlier. In September, purported white-hat hackers withdrew about 4,000 BTC, worth around $320 million, from the federation wallet, later returning 3,400 BTC but keeping roughly 598 BTC. Blockstream CEO Adam Back shared a dashboard showing 100% backing and a reserve deficit of 0.00 BTC, though the federation did not explain how the shortfall was covered. Blockstream refused to pay a ransom for the remaining bitcoin and called the withdrawal theft, while Back urged developers to treat AI-suggested fixes with suspicion.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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