Liquid says bitcoin IOUs are fully backed after exploit
In short
Liquid said its bitcoin IOUs are fully backed again after a final transfer of 250 BTC. The move closed the gap left by a September bug tied to a $320 million exploit.
This matters because it suggests users’ claims are backed again. But the network’s federation has not said who covered the shortfall.
What the reporting says
Liquid said its bitcoin IOUs are fully backed again after a final 250 BTC transfer closed the hole left by a September bug tied to a $320 million exploit. The publisher summary says the transfer fixed the shortfall, but the federation behind the network has not said who paid to fill it. The event restores reported backing, while funding details remain unknown.
Why it matters
Liquid announced that a final transfer of 250 BTC restored full backing for its bitcoin IOUs after a September bug linked to a $320 million exploit. The summary says the gap has been closed, but it does not say who provided the funds. The immediate effect is reduced backing risk for the IOUs, although the source of the bailout remains undisclosed.