Danielprince on Nostr: This account has posted nothing in 3 weeks. It's now running a Fictional Reserve ...

This account has posted nothing in 3 weeks.

It's now running a Fictional Reserve after a catastrophic hack.

4000 Bitcoins Were stolen.
3400 were returned.
600 are still missing.

The 1:1 claim of BTC to LBTC has been destroyed.

Let's not hand wave this away, it's a disaster that has affected companies and individuals around the world.

Comms have been diabolical.

quoting
nevent1q…tnke

Liquid has reached its 4 millionth block. 🎉

Born from the OG sidechain whitepaper in 2014, developed and announced alongside the first sidechain, Elements Alpha, in 2015, and launched in production in 2018, Liquid has quietly become an important piece of infrastructure for bitcoin over the years.

It enables confidentiality by default, native asset issuance, 0-conf, and, more recently, high-assurance Simplicity smart contracts and a growing DeFi ecosystem.

Today, Liquid supports more than $5B in tokenized real-world assets, spanning stablecoins like USDT and DEPIX, tokenized stocks, private credit, and gold funds.

Four million blocks down. Bitcoin’s financial layer is just getting started.