Liquid Federation recovers 3,400 BTC after ~4,000 BTC exploit; about 600 BTC still missing

AI Market Summary
A purported Liquid Network exploiter has returned ~3,400 BTC to the Liquid Federation after an onchain exchange framed as a whitehat action contingent on Blockstream fixing a bug, leaving ~600 BTC outstanding. The partial recovery reduces immediate loss severity and contagion risk for Liquid-related participants, but ongoing uncertainty around the remaining BTC and underlying vulnerability keeps operational and trust risks elevated in the near term.
Impact level
● Medium
Affected assets
BTC/USDT-0.81%
AI Insight · BTC/USDTAI Insight
● Neutral
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Liquid Federation has received roughly 3,400 BTC back following a reported exploit of about 4,000 BTC, leaving around 600 BTC still outstanding. The repayment comes after an on-chain exchange in which the self-described whitehat hackers said they would return the Bitcoin once Blockstream addressed the vulnerability. The story remains developing.