Liquid backs bitcoin IOUs after $320 million exploit

A final transfer amounting to 250 BTC successfully rectified the shortfall created by a vulnerability discovered in September, yet the governing body of the network has yet to disclose the source of the funds used to cover the deficit.

The outstanding obligations of Liquid, pertaining to Bitcoin IOUs, have once more been fully secured following a security breach that reached $320 million.

Earlier coverage

• Mercado Bitcoin pledges to cover losses after near $40 million hack Nov 3
• Chart Signal Warns Bitcoin of Crash Despite Bullish Seasonality Nov 3
• Binance spends half SAFU Bitcoin, valued near $580 million Nov 3