Liquid Says Its Bitcoin Backing Is Restored — Blockstream Filled the Gap From Its Own Coins, Mechanism Still Undisclosed

Liquid announced its bitcoin reserves fully cover circulating L-BTC and the token has returned to its 1:1 peg, after Blockstream moved coins in in tranches — 300 BTC cutting the shortfall to roughly 250, then a 250 BTC top-up completing it, per cryptobriefing and The Defiant. Full reserves meet a condition for a controlled restart of direct federation withdrawals. No exploit mechanism, total loss figure or independent verification has been published.