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Liquid Network restores 100% Bitcoin backing after $320M exploit
The Liquid Network, a Bitcoin sidechain developed by Blockstream, completed the full restoration of its Bitcoin backing two months after suffering an exploit that resulted in $320 million in losses. CEO Adam Back reported that the network's defenses were reinforced and warned developers not to blindly trust correction suggestions generated by AI. The recovery represents an important milestone for the sidechain's security, which offers faster and more private transactions for Bitcoin users. The incident had raised questions about the risks of systems built on Bitcoin, but the team's quick response demonstrates recovery capacity. For the Bitcoin community, the case reinforces the importance of rigorous audits, security testing, and caution with automated solutions in critical code. Liquid remains a relevant tool for specific use cases that require greater speed than the mainchain. https://decrypt.co/382397/liquid-network-restores-full-bitcoin-backing-two-mo…