Blockstream moves 300 BTC into Liquid, cutting reserve shortfall to 250 BTC

The deposit lifts the Liquid federation wallet to a 94.14% backing ratio as recovery from the September exploit continues Blockstream has transferred 300 BTC into the Liquid Federation wallet. The deposit shrinks the network’s reserve shortfall to 250 BTC. That leaves Liquid closer to full backing than at any point since a September exploit drained its reserves. Peg-out redemptions stay frozen until every L-BTC is matched by real Bitcoin. The numbers behind the 300 BTC deposit The transfer landed on November 2, 2026. Before it arrived, the gap between issued L-BTC and the Bitcoin held in reserve stood at approximately 550 BTC. After the deposit, the federation wallet holds 4,018.95 BTC. Meanwhile, 4,268.95 L-BTC remains in circulation. Divide one by the other and you get a backing ratio of 94.14%. Put more simply, roughly 94 cents of real Bitcoin now sits behind every dollar’s worth of L-BTC, with the remaining 250 BTC still owed. This latest deposit was not the first step back. On October 27, 2026, a test transaction of roughly 2.53 BTC moved as part of the gradual effort to restore the reserves. The 300 BTC transfer is the far larger follow-through. How Liquid ended up short in t...