The Liquid Federation announced that the network has restored a 1-to-1 backing between LBTC and its Bitcoin reserves. The announcement came two months after purported white-hat hackers withdrew about 4,000 BTC, then worth $320 million, from a federation wallet. The attackers returned 3,400 BTC but kept around 598 BTC, and the federation did not explain how the remaining shortfall was covered. Blockstream hardened withdrawal authorization keys, proof validation caches and consensus rules, while the federation is modernizing the network’s governance.
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