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Bitcoin News
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Joined January 2015
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LIQUID NETWORK BEGINS RESTORING BITCOIN PEG OPERATIONS FOLLOWING SECURITY INCIDENT Samson Mow reports that the Federation will add the 600 BTC shortfall to the Federation wallet in the coming days. The @Liquid_BTC Federation says it has completed an independent security audit and implemented additional security measures as the network enters the final stages of recovery. Users can now convert L-BTC back to BTC through supported swap providers, including @side_swap, without protocol-imposed volume limits. Direct Federation peg-outs remain restricted until full 1:1 bitcoin backing is restored and final security requirements are met. The Federation says updated software for managing bitcoin reserves has been deployed, with safeguards in place to prevent unauthorized withdrawals.
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