Liquid Network white hats return 3,400 of 4,000 stolen BTC
The operators behind the breach of Blockstream's Liquid Network — who framed the drain as a "white hat" intervention — have now returned 3,400 BTC of the 4,000 bitcoin (roughly $320 million) they took, per CoinDesk. About **598 bitcoin:native, worth roughly $47 million, is still outstanding as Blockstream continues negotiations and the network remains paused.
- The exploit paused all transactions on the Bitcoin settlement sidechain while the team investigated the software vulnerability.
- The operating group has said it will return the rest of the funds once the underlying bug is patched.
Sources
- UPDATE: Liquid Network's white hat hackers return 3,400 of 4,000 stolen Bitcoin, with 598 bitcoin:native worth $47M still outstanding as @Blockstream continues negotiations and the network remains paused. https://t.co/I9aksC1cl8x.com ↗
- Liquid Network gets back 3,400 bitcoin from whitehat hackers; talks underway for the restcoindesk.com ↗
- NEW: White hat hackers drain 4,000 $BTC from Blockstream's Liquid Network reserve, promising to return funds once a software bug is patched. https://t.co/D11wnOZU2sx.com ↗
- Bitcoin network used by exchanges hit by $320 million exploit. Hackers claim they're the 'good guys'coindesk.com ↗
CoinDesk
