Bitcoin holders are heading for a fifth straight losing week. Therefore, a story of lost coins returning matters to them. On November 2, the Liquid Federation said every LBTC is again backed 1:1. This happened two months after a software bug let an attacker take about 4,000 BTC. Blockstream supplied the final 600 BTC, per Samson Mow. So the open question in this week’s bitcoin news is how much safety a wrapped coin gives its holder.
That headline belongs to bitcoin’s best known sidechain, yet the larger gains come one step earlier, in the presale. There, Pepeto, a meme token building a bridge with no IOU, has gathered over $11.2 million.
Bitcoin News: Liquid Makes LBTC Whole After a $320 Million Exploit
Liquid’s reserves are full again. This follows the September 6 exploit that drained about 4,000 BTC worth roughly $320 million. The cause was a bug in Elements, the software behind Liquid. This bug let the attacker mint LBTC with nothing behind it and redeem it for real bitcoin.
The attacker sent back about 3,400 BTC the next day. Blockstream, which leads the federation, refused his demand for a 10% bounty and covered the rest with deposits from October 28 to November 2.
However, the repair shows the limit of a wrapped coin. LBTC holders waited two months and direct federation withdrawals still face extra controls. Bitcoin itself traded near $77,520 on November 3. This is down from about $87,000 five weeks ago. A return there needs about 13%, or roughly $200 billion of new buying on a $1.54 trillion coin.
What this means is that this week’s bitcoin news shows that value moved between chains stays safe only when no IOU stands in for the coin. Pepeto’s bridge is built for that. Its token is still priced before any exchange trades it.
Investors Back Pepeto With $11.2 million for a Bridge Without IOUs
Pepeto draws investors because it pairs meme coin reach with AI utility. Its bridge removes the IOU that put LBTC holders at risk. Only community members and big investors can test its tools for now. The bridge, a 0.00% fee swap and a security scanner are all in development.
Liquid’s two months showed that a wrapped token is safe only while its reserve is full. Pepeto’s bridge uses lock and mint, so tokens lock in an audited contract on the source chain and mint on the destination only after the lock proof is verified on chain. No IOU exists, and total supply stays the same everywhere.
Other bridges charge $15 to $50 per transfer, and a failed one can lock funds for good. Pepeto’s bridge charges $0 across five chains. It takes under 60 seconds, and reverses the lock if a transfer fails.
Each stage ends on its timer or its target, and the price of $0.0000001905 rises at the next one. The raise grew through bitcoin’s five week slide, the way big money buys a new token ahead of the public.
The meme side counts too, since the cofounder created Pepe, and Pepe, Dogecoin and Shiba Inu turned small early purchases into fortunes.
Conclusion
Bitcoin’s week still ends on good news, since Liquid is whole again and bitcoin holds near $77,520. For readers of this bitcoin news, the coin remains a steady hold with a $200 billion climb back to $87,000. Pepeto stands where bitcoin stood long ago, with AI tools and a bridge built without IOUs.
On May 22, 2010, a programmer paid 10,000 BTC for two pizzas. Those coins are worth about $1.26 billion at bitcoin’s $126,198 record on October 6, 2025. Bitcoin’s first holders turned a few thousand dollars into wealth that lasts for generations. Many still say they wish they had bought more. The wallets buying Pepeto at the current stage price sit at that same point, before its listing opens trading to everyone.
Click To Visit Pepeto official Website To Enter The Presale
