Liquid Network Recovers Majority of Stolen Bitcoin
- The self-proclaimed “white hat hackers” returned approximately 3,400 BTC to Liquid’s federation wallet, valued at around $269.2 million.
- About 598.5 BTC, worth roughly $47 million, remains unreturned.
- Blockstream confirmed that Liquid’s bridge nodes were patched before the return of funds.
- Ledger CTO Charles Guillemet expressed skepticism about the hackers’ white-hat claims.
- Liquid has not announced when normal operations will resume or how they will address the outstanding BTC.
The incident began when a customer sent 4,000 BTC to SideSwap’s peg-out service, leading to a security breach by actors claiming to be ethical hackers. Despite recovering most of the funds, nearly $47 million in Bitcoin remains unreturned.
This event highlights ongoing security challenges in blockchain networks and raises questions about the intentions behind such breaches. (Source)
