Hackers Return 3,400 BTC to Liquid Network

Liquid Network is seeing a partial recovery of funds after hackers sent back 3,400 BTC. The total value of the returned bitcoin is roughly 268 million dollars. This move follows an incident on September 6 where around 4,000 BTC vanished from the network reserves.

Despite the return of these funds, the attackers held onto 598.5 BTC. That remaining haul is worth about 47 million dollars. The network operations remain frozen while the team investigates the security breach and coordinates the recovery process.

This incident highlights the ongoing risks for cross chain protocols and centralized reserves. Traders are now watching to see if the remaining funds will be returned or if the network will seek legal ways to recover the balance. For now, the frozen state of the network keeps users on edge regarding the safety of their assets.