🚨 $BTC BACKING DEFICIT ON LIQUID NETWORK TRIGGERS REDEMPTION FREEZE! 📉
Over a month following the exploit on Elements software, Liquid Network is still grappling with a 602.53 $BTC deficit. While 3,400 coins were clawed back from the initial drain, collateral coverage sits at just 85.8% for circulating supply.
📌 Redemptions back to native $BTC remain completely frozen pending an independent security audit on version v23.3.4, leaving holders without a clear recovery timeline. 🌊 Smart capital hates immobilized collateral, and prolonged bridge halts test market patience every single day.
💬 Would you hold through an indefinite reserve freeze, or exit wrapped exposure immediately? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #LiquidNetwork #Bitcoin #CryptoRisk
🔍 🛡️
Over a month following the exploit on Elements software, Liquid Network is still grappling with a 602.53 $BTC deficit. While 3,400 coins were clawed back from the initial drain, collateral coverage sits at just 85.8% for circulating supply.
📌 Redemptions back to native $BTC remain completely frozen pending an independent security audit on version v23.3.4, leaving holders without a clear recovery timeline. 🌊 Smart capital hates immobilized collateral, and prolonged bridge halts test market patience every single day.
💬 Would you hold through an indefinite reserve freeze, or exit wrapped exposure immediately? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #LiquidNetwork #Bitcoin #CryptoRisk
🔍 🛡️