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Liquid Network fully restores Bitcoin reserves, backing LBTC 1:1 after September hack.

Protocol Fundamentals
03 Nov 2026, 11:30 WIB
Bitcoin
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Bullish
Liquid Network fully restores Bitcoin reserves, backing LBTC 1:1 after September hack.

The Liquid Network, a Bitcoin sidechain, has fully replenished its bitcoin reserves after a September hack that caused a 600 BTC shortfall. The LBTC token is now fully backed 1:1 by bitcoin again, restoring confidence in the network. The hack involved an attacker exploiting a software vulnerability to steal nearly 4,000 BTC, returning most but keeping 600 BTC as a bounty. Liquid Network plans to improve governance and technical safeguards to prevent future incidents, with more details expected soon.

Liquid Network's bitcoin reserves restoration is the subject, providing context for readers. As of Nov 03, 2026 16:41 WIB, 7 of 50 major cryptocurrencies on Pluang rose, 42 fell. Notable movers include SAND at Rp798 with a -4.11% change, COTI at Rp177 with -4.02%, and LUNC at Rp0,731 with -3.93%.

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