Liquid Network Recovers 3,400 BTC Following Security Breach

The Liquid Network confirmed today that it has recovered 3,400 BTC following a security incident. The funds are worth approximately 269 million dollars. These assets were returned by the individuals responsible for the initial withdrawal of 4,000 BTC, who identified themselves as white hat hackers.

While this recovery covers about 85 percent of the total stolen amount, there is still roughly 47 million dollars in Bitcoin currently missing. The network is working to track the remaining funds and secure the platform against future vulnerabilities.

This event serves as a sharp reminder of the risks associated with cross chain bridges. Traders and network participants should keep an eye on official updates as the team works to resolve the outstanding balance and restore full stability to the bridge.