Full reserves meet a condition for restarting direct federation withdrawals, which were last reported under enhanced operational controls.

Estimated L-BTC backing rises to 94.14%, but the federation’s recovery plan requires full reserves before direct peg-outs resume.

L-BTC reserve coverage reaches about 87.07%, while user swaps remain available and normal federation peg-outs remain restricted.

Samson Mow says the remaining funds will arrive in coming days; the federation's recovery plan requires full backing before direct peg-outs resume.

The provider is paying users from its own bitcoin wallet while Liquid federation reserves still cover about 85.8% of outstanding L-BTC.

Reserves still cover about 85.8% of outstanding L-BTC, leaving a roughly 603 BTC shortfall.

The reserve gap is about 603 BTC. Liquid says peg-outs require full backing and completed security reviews before they can restart.

Liquid said on Sept. 8 that 3,400 BTC had been returned and about 598.5 BTC remained outstanding; transactions later resumed with peg-outs disabled.

The transaction pays 3,400 BTC back to the Liquid federation wallet and 598.50 BTC to the attacker’s own address. It is unconfirmed and flagged replaceable, and neither side has published anything about the split.

Blockstream's Liquid disabled its bridge nodes on Sunday after almost the entire bitcoin reserve backing L-BTC was withdrawn to a single address, whose owner wrote “we are whitehats” into a bitcoin transaction.