The hackers have returned 3,400 of the roughly 4,000 BTC drained from the sidechain, but about 600 BTC remains outstanding—and some doubt the actors' "white hat" claims.
- The Liquid Network experienced a hack resulting in the loss of approximately $320 million worth of Bitcoin, with $47 million still missing.
- Blockstream, the company behind Liquid, is negotiating with the hackers, who claim to be 'white hats', for the return of the remaining funds.
- Skepticism remains regarding the hackers' true intentions, with some suggesting the situation resembles extortion rather than genuine white-hat activity.
Topics: Blockchain usage, Risk default, Legal regulatory, Private enterprise ledgers, Smart contract vulnerabilities, Enforcement actions litigation
Tags: #liquidnetwork #blockstream #bitcoin #hack #whitehat #lbtc #elementssoftware #stolenfunds #negotiation #extortion