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

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.