Liquid Network Announces Final Stages of Recovery Following Massive Hack

Bitcoin Magazine Liquid Network Announces Final Stages of Recovery Following Massive Hack The Liquid Network on Tuesday said that things were up and running again, over one month after hackers stole 4,000 bitcoin, worth about $320 million at the time, from the network’s federation wallet before returning most of it in a “white hat” operation. Writing in a blog post, the Liquid Network said that it was entering “the final stages of recovery with enhanced security.” Hackers in September stole 4,000 bitcoins from the federation wallet that backs the Blockstream sidechain. Blockstream was able to negotiate to get back most of the funds.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.