$BTC - Liquid's federation quietly restored full backing for its bitcoin IOUs with a final 250 BTC transfer.
The September exploit left a 320M USDT gap that took months to close.
No member of the 15-party federation has disclosed who supplied the coins.
The network's peg-in/peg-out mechanism now functions at parity again, but the opaque recapitalization raises governance questions for a system marketed as trust-minimized.
#Bitcoin #BTC
The September exploit left a 320M USDT gap that took months to close.
No member of the 15-party federation has disclosed who supplied the coins.
The network's peg-in/peg-out mechanism now functions at parity again, but the opaque recapitalization raises governance questions for a system marketed as trust-minimized.
#Bitcoin #BTC