1 hour ago
13
Actors behind the Liquid Network exploit returned 3,400 BTC to the Liquid Federation wallet on Sept. 7, recovering about 85% of the bitcoin withdrawn in the incident. The transfer was included in Bitcoin block 965950, providing on-chain confirmation of the return.
The recovery followed a PGP-signed on-chain message from Blockstream stating that its bridge nodes had been patched and that the funds were safe to return. Nearly 600 BTC remains in the actors’ address, however.
3,400 BTC Returns to Liquid Federation Wallet
The Sept. 7 transaction returned 3,400 BTC to the federation wallet after an exploit that had removed roughly 4,000 BTC. The returned amount represented approximately 85% of the funds withdrawn, according to the transaction’s inclusion in block 965950.
The on-chain return materially reduced the amount still held outside the wallet, but did not restore the full balance taken during the incident.
Blockstream’s Patch Message Preceded the Return
Earlier the same day, Blockstream used an on-chain, PGP-signed message to confirm that its bridge nodes had been patched. The message, recorded in Bitcoin block 965910, said the funds could safely be returned.
That confirmation came before the 3,400 BTC transfer. The available on-chain records establish the timing of the patch notice and subsequent return, rather than the terms or process behind the recovery.
About 598.5 BTC Remains With the Actors
Approximately 598.5 BTC remained in the actors’ address after the return, worth about $47 million at the time, The Block reported.
The original incident involved the withdrawal of roughly 4,000 BTC, valued at approximately $320 million. It was linked in reporting to a vulnerability involving Elements software, while Liquid’s peg-out authorization key was not compromised, according to The Block.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
English (US) ·