Liquid returns $270M in Bitcoin after security incident

The recovery of 85% of the stolen Bitcoin is a rare positive outcome in a security incident, but the outstanding 15%—roughly $47 million—remains a material overhang for Liquid and its users. The return underscores the effectiveness of white-hat coordination, yet it also highlights the fragility of federation-based custody models. As Liquid restarts, the key question is whether the remaining funds will surface and how the incident reshapes trust in its operational security. The speed of resumption will signal confidence, but full transparency on the unresolved balance is what market participants are likely watching.