On November 3, JAN3 CEO Samson Mow announced that L-BTC reserves were fully aligned with circulating supply after a final deposit of 250 BTC. Blockstream had committed to covering the reserve gap to ensure circulating assets matched actual reserves and to support network stability. This event concerns the Liquid Network and the L-BTC protocol and is entirely separate from the Osmosis incident.
JAN3 CEO Samson Mow confirmed the restoration of L-BTC backing after a final deposit addressed a $320 million reserve gap caused by a security exploit.
Read the full story