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Liquid restores BTC backing as Adam Back warns developers not to trust AI-suggested fixes
Published Source: CryptoPolitanRead original
Crypto Insight Summary: Following a September exploit that drained about $320 million in BTC and left a gap in its reserve, the Liquid Federation has now announced that it has restored full 1:1 Bitcoin for LBTC. The missing coins were reportedly supplied by Blockstream. LBTC is the token that represents Bitcoin on Blockstream’s sidechain. Blockstream filled the reserve... Crypto Insight Analysis: Direction: Bullish LBTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Restored 1:1 BTC backing limits contagion and improves confidence in LBTC after the exploit.