Purported white hats returned 3,400 BTC worth about $270 million to Liquid’s federation wallet as Blockstream prepares the paused network for a restart.

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Liquid pauses its network after roughly 4,000 BTC worth $320M is withdrawn from the federation wallet in a security incident.