Liquid Network exploit: Whitehat returns 3,400 BTC ($268.16M), moves remaining 598.5 BTC ($47.2M) to new wallet

AI Market Summary
A whitehat reportedly returned 3,400 BTC to Liquid Network, while ~598.5 BTC was moved to a new wallet, potentially representing an agreed bounty. The partial recovery reduces immediate loss uncertainty and may ease near-term counterparty and operational risk concerns around the affected network, but the retained amount highlights ongoing security and governance considerations. Broader market impact should be contained absent further contagion.
Impact level
● Medium
Affected assets
BTC/USDT-1.16%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
A whitehat hacker has sent back 3,400 bitcoin:native, worth about $268.16 million, to Liquid Network. The remaining 598.5 bitcoin:native (roughly $47.2 million) was transferred to a newly created wallet, a move that may represent the agreed bounty.