Liquid Federation Update: The Liquid Federation is pleased to announce that the network’s Bitcoin reserves have been fully restored, reestablishing the 1:1 BTC backing for all L-BTC. This follows the restoration of BTCL-BTC swaps several weeks ago, which since then have enabled users to exchange between Bitcoin and Liquid at a 1:1 rate through participating swap providers. Together, these milestones represent significant progress in the Federation’s recovery efforts and reaffirm its commitment to the long-term security, stability, and resilience of the Liquid network. As always, the network’s Bitcoin reserves are independently verifiable. Users operating their own Liquid nodes can directly verify the Federation’s Proof of Reserves, while reserve balances and network activity can be monitored via the public dashboard at https://t.co/8gV6DWSOJ3. We extend our deepest gratitude to the Bitcoin community, Liquid users, and ecosystem partners for your patience, understanding, and continued engagement throughout the recovery process. Your support and involvement have been essential as we worked to restore the network’s reserves and strengthen its underlying infrastructure. Strengthening the Liquid Network for the Future Looking ahead, the Federation is advancing several key initiatives designed to enhance the long-term security, governance, and operational resilience of the network. These efforts include modernizing the governance structure, introducing clearer accountability and oversight controls, and implementing additional technical and operational safeguards to further protect the network and its participants. Further details on these initiatives and the Federation’s next steps will be shared in the coming weeks. Restoring full Bitcoin backing marks a major milestone, but our work continues. The Federation remains committed to building on the progress of recent years, driving Liquid’s development, and strengthening the network’s resilience and accessibility for all participants.