$47M Still Unrecovered After Liquid Hack as Blockstream Negotiates With 'White Hats'

Reports that $47M remains missing after the Liquid hack, with Blockstream negotiating with so-called \u0022white hats\u0022, underscore ongoing counterparty and custodial risks in crypto market infrastructure. The uncertainty around fund recovery can pressure risk appetite, raise due-diligence and security concerns across exchanges and custodians, and contribute to wider caution in crypto spot and derivatives positioning in the near term.