đ Liquid has fully restored bitcoin backing for LBTC following the September incident.
Liquid Federation reported that reserves once again cover the issued LBTC at a 1:1 ratio. In September, an error in Elements led to around 4,000 BTC being withdrawn from the network; 3,400 BTC were later returned. Restoring the reserve does not mean that all the withdrawn coins were recovered.
BTC and LBTC swaps through participating providers are now available, while direct withdrawals through the federation are still subject to tighter restrictions.
Sources: Liquid Federation, CoinDesk (November 3).
#Bitcoin #Liquid
Liquid Federation reported that reserves once again cover the issued LBTC at a 1:1 ratio. In September, an error in Elements led to around 4,000 BTC being withdrawn from the network; 3,400 BTC were later returned. Restoring the reserve does not mean that all the withdrawn coins were recovered.
BTC and LBTC swaps through participating providers are now available, while direct withdrawals through the federation are still subject to tighter restrictions.
Sources: Liquid Federation, CoinDesk (November 3).
#Bitcoin #Liquid