Security· ★★★★· neutral·

Liquid Network Enters Final Recovery Stage After 4,000 BTC Hack

  • —Hackers stole 4,000 BTC from Liquid's federation wallet in September
  • —They exploited an inflation bug to mint over 4,000 unbacked LBTC
  • —About 85% of funds were returned; hackers kept ~600 BTC (~$50M)
  • —Swaps are live again as Liquid restores full 1:1 bitcoin backing
Why it matters: The recovery reduces risk for LBTC holders and sets a precedent for fund returns after major exploits.
#BTC
Source: Bitcoin Magazine
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