Liquid's white-hat hackers have returned $270 million in Bitcoin — roughly 85% of what was drained from the network's federation wallet during the security incident. The Liquid network is now preparing to restart, according to the team.
The return
The returned amount covers the bulk of the Bitcoin that was withdrawn during the incident. The white hats, who typically work to recover stolen funds, handed back the money this week. The exact mechanics of the return weren't disclosed, but the recovery represents a significant win for Liquid and its users.
What's still missing
The remaining 15% of the withdrawn Bitcoin — about $47 million — hasn't been recovered yet. Liquid hasn't said whether that portion is still in the hands of the attackers or if it's been lost. The team is likely still working on tracing those funds.
Restart plans
With the bulk of the funds back, Liquid is moving to restart the network. The team said it's preparing to bring the network back online, though no exact timeline was given. The restart will likely involve security upgrades and a review of the federation wallet's safeguards.
The security incident forced Liquid to pause operations and investigate. Now that most of the Bitcoin is back, the focus shifts to getting the network running again. Users are waiting to see if the remaining 15% turns up.
