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Liquid Network keeps LBTC locked until 1:1 Bitcoin backing is restored

  • Liquid Network says LBTC will remain locked pending full Bitcoin backing.
  • 600 BTC remain missing after the hack, the network says.
  • LBTC requires one-to-one Bitcoin backing before being unlocked.

Liquid Network says LBTC will remain locked until it has complete one-to-one Bitcoin backing. The network said 600 BTC are still missing after the hack, leaving the asset short of the stated backing requirement.

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