CoinTelegraph
Liquid Network hackers returned 3,400 BTC, or 85% of the funds, to the Federation wallet after negotiating on-chain with Blockstream. They kept about 598 BTC, worth roughly $47 million, as an apparent bounty.
Why it matters
The return makes the incident a partial recovery rather than a total loss. For the Bitcoin-linked Liquid ecosystem, the outcome puts both fund recovery and network security in focus without erasing the residual loss.
Market impact
Most of the BTC is back in the Federation wallet, but roughly $47 million remains with the hackers. That retained balance is the clearest measure of the incident's unresolved financial cost.
Frequently asked questions
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Why is the recovery considered partial rather than complete?
The hackers returned 3,400 BTC, or 85% of the funds, but retained about 598 BTC worth roughly $47M.
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How did Blockstream become involved in the recovery?
The hackers negotiated on-chain with Blockstream before returning 3,400 BTC to the Federation wallet.
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What wallet received the recovered BTC?
The 3,400 BTC was returned to the Federation wallet.
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What remains with the hackers after the transfer?
About 598 BTC, worth roughly $47M, remained with the hackers as an apparent bounty.
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What does the incident mean for the Liquid ecosystem?
The Liquid Network recovered most of the funds, but the retained BTC leaves the security incident with an unresolved financial cost.
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