Liquid Network said its bitcoin reserves have returned to full backing after September's exploit, according to The Block, which reported the statement on 3 November 2026. The Block said Blockstream supplied the funds [1]. Decrypt reported the same restoration, describing it as coming two months after a $320M exploit [2]. The reports were first published on 3 November 2026, with Decrypt's account timestamped 11:22 UTC and The Block's 11:49 UTC. [1] [2]

The restoration is reported by established outlets but is labelled unverified, meaning it has not been confirmed at the source. The Block and Decrypt carried the story [1, 2], while The Defiant reported that Liquid restored full Bitcoin backing after an exploit involving Elements [5]. CoinDesk also reported that Liquid's bitcoin IOUs are fully backed again after a $320 million exploit [8]. None of these accounts has been independently confirmed at the source. [1] [2] [5] [8]

On the figures, Decrypt described the preceding exploit as valued at $320 million [2], and CoinDesk likewise reported a $320 million exploit [8]. CoinDesk reported that a final 250 BTC transfer closed the shortfall left by September's bug [9]. The Block said Blockstream provided the funds for the restoration [1]. [1] [2] [8] [9]

The Defiant reported that full reserves meet a condition for restarting direct federation withdrawals, which it said were last reported under enhanced operational controls [6, 7]. Separately, Decrypt reported that Blockstream CEO Adam Back said the sidechain's defenses have been hardened [3] and warned developers not to trust AI-suggested fixes blindly [4]. [3] [4] [6] [7]

What remains unconfirmed is who paid to fill the shortfall. CoinDesk reported that the federation behind the network still has not said who paid to fill it [10]. The restoration itself is reported by several outlets but has not been confirmed at the source, and the accounts remain labelled unverified [1, 2, 5, 8]. [1] [2] [5] [8] [10]