Liquid Network Hack Recovers 85 Percent of Stolen Bitcoin

The Bitcoin layer two side chain known as the Liquid Network recently suffered a significant exploit. Attackers moved 4,000 BTC, valued at approximately 320 million dollars, which represented nearly the entire reserve of the network. The situation shook investor confidence as users worried about the safety of their assets held on the platform.

In a surprising turn of events, the hackers returned 85 percent of the stolen funds back to the network. The individuals behind the attack identified themselves as whitehats. While this recovery is positive news for the community, the remaining 15 percent of funds are still missing.

Market participants are now watching for signs of depegging as the network works to regain stability. Because the stolen amount covered nearly all reserves, the ability of the side chain to maintain its value remains a top priority. Traders should keep an eye on official updates regarding the rest of the recovered assets.