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Liquid Network Recovers 3,400 BTC; Hacker Appears to Keep $47M

AI Market Summary
Liquid Network reportedly recovered 3,400 BTC (~$268M) after the Sept. 6 exploit, reducing immediate loss severity and operational uncertainty. However, ~598.5 BTC (~$47M) was moved elsewhere, highlighting residual counterparty and security risk; it may represent an informal "bounty". The episode can affect near-term confidence in Bitcoin-linked sidechain infrastructure and custody/security practices.
Impact level
● Medium
Affected assets
BTC/USDT-1.38%
AI Insight · BTC/USDTAI Insight
● Neutral
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Liquid Network has recovered 3,400 native bitcoin following the Sept. 6 hack, according to on-chain tracker Lookonchain. The returned amount is valued at about $268.16 million. Another 598.5 BTC, worth roughly $47.2 million, was transferred to other addresses. Lookonchain said the remaining funds may represent a bounty retained by the hacker.
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