🚀 Liquid Bitcoin's Collateralization Issue Resolved Swiftly
#LiquidBitcoin #Collateralization #Bitcoin #LBTC #Blockstream #NS3AI #AdamBack #FederatedWallets #NetworkIssue #BTC
A temporary issue with the Liquid Bitcoin (LBTC) dashboard showed undercollateralization due to outdated node software and incomplete visibility of federated wallets. According to NS3.AI, Adam Back, CEO of Blockstream and a member of the Liquid Network, confirmed that the problem was quickly resolved and that LBTC remains fully backed 1:1 with Bitcoin. The error occurred because old addresses were mistakenly counted, resulting in a temporary display of only 82.4% backing. However, independent dashboards have verified that full collateralization is maintained.#LiquidBitcoin #Collateralization #Bitcoin #LBTC #Blockstream #NS3AI #AdamBack #FederatedWallets #NetworkIssue #BTC