Liquid Network Restores Full Bitcoin Backing Two Months After $320M Exploit

The Liquid Network, a notable Bitcoin sidechain, has successfully restored its full Bitcoin backing, two months following a significant exploit that resulted in a loss of approximately $320 million. Blockstream CEO Adam Back confirmed the completion of these recovery efforts, emphasizing that the sidechain's security infrastructure has undergone substantial improvements and its defenses have been significantly hardened. In a related warning, Back advised developers to exercise caution and avoid blindly trusting fixes or recommendations generated by artificial intelligence, underscoring the need for human vigilance and thorough verification in critical system development.