Hack Rocks Bitcoin News: Liquid Network Gets 3,400 BTC But Peg Services Stay Halted
In the latest Bitcoin news, the white hackers behind the withdrawal of roughly 4,000 BTC from the Liquid Network returned 3,400 BTC, worth approximately $269.2 million, to the sidechain’s federation wallet, recovering about 85% of the funds.
Approximately 598.5 BTC, worth roughly $47 million, remains in an address linked to the withdrawal, and Liquid has not said when its peg services will resume or how the shortfall will be handled.
This is not simply a recovered exploit. It is a partial resolution that leaves a sidechain’s backing, custody status, and operational timeline all unresolved at once.
The remaining 598.5 BTC sits in an address tied to the incident rather than a wallet confirmed lost. Liquid has not announced whether that Bitcoin will be returned, how it will cover any resulting gap in L-BTC backing, or when normal side-chain and peg operations will resume.
Update: 3,400 BTC of the roughly 4,000 BTC withdrawn on September 6 has been returned to the @Liquid_BTC Federation wallet. The return followed confirmation from @Blockstream that the affected bridge nodes have been patched. Approximately 598 BTC remains outstanding, and…
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