SideSwap Reports About 600 Redemptions After Reopening L-BTC Swaps
- —SideSwap recorded about 600 redemptions after restarting L-BTC swaps
- —Payouts to users come from the provider's own bitcoin wallet
- —Liquid federation reserves cover roughly 85.8% of outstanding L-BTC
Why it matters: The shortfall in L-BTC backing, after 4,000 BTC was stolen from Liquid, raises trust questions for wrapped assets on the network.
Source: The Defiant
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