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Bitcoin sidechain Liquid Network restores full backing after $320M exploit

The Cryptonomist·November 3, 2026·1 min read
Bitcoin sidechain Liquid Network restores full backing after $320M exploit

Liquid Network has restored full bitcoin backing for all LBTC tokens after a $320 million exploit on September 6, 2026, which drained most of its reserves. The Liquid Federation confirmed the recovery on November 2, with reports placing the statement on November 3. The restoration marks a significant step in recovering from the attack.

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