Liquid Network recovers 3,400 BTC after bridge exploit

Liquid Network has recovered 3,400 BTC worth about $269.2 million from the self-described white-hat hackers behind a 4,000 BTC withdrawal, although nearly $47 million remains outstanding. Summary The actors returned 3,400 BTC, recovering about 85% of the withdrawn funds. Roughly 598.5 BTC, worth about $47 million, remains in the withdrawal-linked address. Blockstream told the actors that its bridge nodes had been patched before the repayment. Liquid has not announced when its bridge and L-BTC services will resume normal operations. Liquid Network has recovered 85% of the withdrawn Bitcoin On-chain data shows that the actors returned 3,400 BTC, worth about $268.2 million when confirmed, to the Liquid Federation wallet in Bitcoin block 965,950. The transfer recovered about 85% of the withdrawn funds, while 598.5 BTC worth roughly $47 million remained in the actors’ address. Blockstream had previously told the group through a signed transaction message that its bridge nodes were patched and the funds were “safe to return.” Around 598.5 BTC, valued at roughly $47 million, remained in the withdrawal-linked address after the larger transfer. The actors have not publicly explained why the...