Liquid Network recovered 3,400 BTC after a software flaw let actors drain roughly 4,000 BTC from the federation wallet. About 598.5 BTC remains

Nearly 4,000 BTC reportedly left Liquid’s federation wallet as an onchain message claimed, “we are whitehats.”

Liquid pauses its network after roughly 4,000 BTC worth $320M is withdrawn from the federation wallet in a security incident.