The Liquid Network has fully restored its bitcoin reserve backing for L-BTC tokens after an exploit on September 6, 2026, created around 4,000 unbacked L-BTC and led to a $46 million shortfall. The missing 602 BTC gap was closed by November 2 through four deposits totaling 602.5 BTC, bringing the reserve and circulation back into balance at 4,271.607 BTC. Although full backing is confirmed, direct redemption (peg-out) through the Federation remains restricted, with redemptions currently routed via swap providers like SideSwap at a 0.1% fee. The Federation plans governance changes and security audits before fully reopening peg-outs, while users are advised to keep only necessary amounts on Liquid and store the rest securely on hardware wallets.
The Liquid Network's L-BTC tokens are now fully backed again with a restored reserve of 4,271.607 BTC after an exploit caused a $46 million shortfall. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Nov 04, 2026 04:25 WIB: out of 50 major cryptocurrencies, 37 rose and 12 fell today. Notable movers include SAND at Rp829 (+2.92%, 86% Sell), UNI at Rp131.063 (+2.86%, 55% Sell), and SOL at Rp1.703.992 (+2.54%, 39% Sell).
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