Liquid reserve shortfall reduced to approximately 600 BTC, with the remaining funds intended to be transferred to the Federation wallet in the coming days
BIBIBI
AT A GLANCE
JAN3 said that 2.5 units of BTC test transactions had been completed, and the remaining 600 units BTC are planned to be transferred to the Liquid Federation wallet in the coming days.
Article
JAN3 CEO：600 units BTC will be transferred to the Liquid Federation wallet in the coming days; a test transaction has been conducted
PANews October 28 reported that JAN3 CEO Samson Mow posted that a 2.5-unit BTC test transaction was sent to the Liquid Federation wallet, reducing the reserve shortfall to 600 units BTC. The remaining 600 units BTC will be transferred to the wallet in the coming days. All network operations continue to run normally. In addition,Liquid Network posted that, as part of a phased recovery,BTC and LBTC redemptions were re-enabled last week. Users can once again, through participating providers such as Aqua Bitcoin、BULLBITCOIN and side_swap, conduct BTC on Bitcoin and LBTC on Liquid 1: 1 redemptions. These providers collectively accounted for peg-out of 99%transaction volume before the incident. Normal Federation peg-out operations remain subject to enhanced operational controls,...
Key points
01
JAN3 CEO Samson Mow said that a 2.5-unit BTC test transaction was sent to the Liquid Federation wallet.
02
The test transaction reduced the reserve shortfall to 600 units BTC。
03
The remaining 600 units BTC will be transferred to the wallet in the coming days.
04
BTC and LBTC redemptions were re-enabled last week.
05
Aqua Bitcoin、BULLBITCOIN and providers such as side_swap support BTC and LBTC redemptions between 1: 1.
06
Normal Federation peg-out operations remain subject to enhanced operational controls.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The Liquid Federation wallet has received 2.5 units of BTC test transfers, but another 600 units BTC are planned to be transferred later.BTC and LBTC partial redemption services have been restored, but normal peg-out operations remain subject to operational controls.
Why it matters to readers
This indicates that Liquid-related redemption services are in a phased recovery state, but reserve replenishment and normal peg-out recovery have not yet been completed.
BTC is Bitcoin,LBTC is the Liquid representation of Bitcoin; 1: 1 redemption means exchanging the two in equal amounts.
Risks and unknowns
The evidence only states that the remaining 600 units BTC will be transferred in the coming days; it does not yet clearly confirm that the funds have actually arrived.
The evidence does not state when normal Federation peg-out operations will be fully restored.
The original text ends with an ellipsis, so the complete operational status may require further verification.
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LBTC
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