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Liquid Network recovers 3,400 BTC after hack, 600 BTC still missing

Liquid Network has received about 3,400 BTC of the roughly 4,000 BTC stolen in a recent attack, with about 600 BTC still unrecovered. The return followed on-chain negotiations with a self-described “white hat hacker” who said they would return the funds after Blockstream fixes the vulnerability. The incident is still developing.

Original source

AI take

The partial recovery is notable not just for the sum returned but for the unusual mechanism — on-chain negotiation with a self-described white hat — which underscores the growing gray area in crypto security incidents. For Liquid Network users and counterparties, the unresolved 600 BTC remains a live risk, but the bigger question is whether this episode will pressure Blockstream to accelerate fixes and whether similar recovery patterns become a template for future hacks. The developing nature of the incident means the final outcome, including any legal or reputational fallout, is still open.

Generated by AI for reference only.

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