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Liquid’s bitcoin IOUs are fully backed again after a $320 million exploit

Published Source: CoinDeskRead original

Crypto Insight Summary: A final 250 BTC transfer closed the hole left by September’s bug, but the federation behind the network still hasn’t said who paid to fill it. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Restored BTC backing reduces contagion risk and supports short-term Bitcoin sentiment, but has little broad impact.

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Liquid’s bitcoin IOUs are fully backed again after a $320 million exploit — Crypto Insight