Liquid restores Bitcoin backing. The exit route still matters.
Liquid reports full Bitcoin backing again, but holders still need to distinguish swaps from direct Federation withdrawals. Crypto.com sets a Hong Kong app closure date, while Ethereum publishes a public-sector resource hub.
Editorial illustration · 3 November 2026THE ROYAL DECREE · OPINION
His Dampness has located the exit. His cape is making separate arrangements.
Liquid’s Federation says every LBTC is again backed one-for-one by Bitcoin after September’s exploit. The 3 November recovery report is a reserve milestone; it does not establish that all direct Federation withdrawals have reopened.
Crypto.com says its consumer app will stop serving Hong Kong users on 1 February 2027. The company told Bloomberg on 2 November that affected customers had been notified and would receive account-closing and withdrawal instructions.
The Ethereum Foundation published a public-sector resource website on 3 November, bringing together explanations, case studies and practical material for institutions considering the network. This is a resource launch, not a new government adoption agreement.