Key facts
- Purported white-hat hackers returned 3,400 BTC to the Liquid Federation wallet.
- The returned Bitcoin is valued at approximately $270 million.
- The initial withdrawal involved roughly 4,000 BTC, totaling about $320 million.
- Approximately 598.5 BTC remains unrecovered.
- The Liquid Network is preparing to resume operations after security updates.
The Liquid Network is preparing to restart after purported white-hat hackers returned 3,400 Bitcoin, valued at approximately $270 million, following a security incident that saw roughly $320 million withdrawn. The hackers indicated they would return the funds once the vulnerability was fixed and patches were installed. Approximately 598.5 BTC remains outstanding, with some questioning whether this constitutes a negotiated bounty or extortion. Blockstream confirmed that updated software has been deployed and federation members are preparing for a coordinated restart of the network.