Blockstream transferred 300 BTC to the Liquid Federation wallet, raising its backing ratio to 94.14% as it recovers from a September exploit that drained about 4,000 BTC. This deposit reduces the reserve shortfall to 250 BTC, bringing the network closer to full backing. Peg-out redemptions remain frozen until the backing reaches 100%, so L-BTC holders cannot yet redeem their tokens for real Bitcoin. Blockstream has pledged to cover the remaining shortfall and has implemented security upgrades to prevent future attacks.
Blockstream's recent transfer of 300 BTC to the Liquid Federation wallet is context for readers. For those following the broader crypto market, 5 of 50 major cryptocurrencies on Pluang rose while 44 fell. Notable movers include XTZ at Rp4.398 with a -3.43% change, AXS at Rp15.083 with a -3.43% change, and GRT at Rp354 with a -3.04% change, as of Nov 03, 2026 05:41 WIB.
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