Liquid Network restores full bitcoin backing following $320 million exploit

The Liquid Network has confirmed that its bitcoin reserves have been fully re-established following a significant $320 million exploit that occurred in September. The necessary funds to restore the complete backing of bitcoin assets on the network were provided by Blockstream, a prominent company closely associated with the Liquid Network's development and operation. This restoration indicates the resolution of the security incident and ensures the continued solvency and integrity of the Bitcoin-backed sidechain.