According to CoinMeta, Liquid Network announced that the network recovery has entered its final phase, which includes strengthening security mechanisms, conducting independent audits, and gradually restoring the asset redemption function. The network will gradually open semi-automated BTC and LBTC exchange services, in coordination with exchange service providers. In the next phase, Liquid Network will restore 1:1 Bitcoin reserve support for the network, and subsequently, the Federation redemption function will be gradually reopened to authorized PAK key holders. The full restoration will depend on the completion of remaining security checks and operational requirements.