Approximately $47 million in Bitcoin remains unaccounted for following a security breach on the Liquid sidechain. According to reports, the attackers have returned 3,400 of the roughly 4,000 BTC that was drained, leaving about 600 BTC outstanding.
Blockstream, the company behind Liquid, is currently in negotiations with the individuals it refers to as “white hats.” However, some observers have expressed doubt about the actors’ claims to be ethical hackers.
Recovery Efforts and Outstanding Funds
The return of 3,400 BTC represents a significant portion of the stolen funds, but the remaining 600 BTC—valued at roughly $47 million at current prices—has not yet been recovered. The negotiation process between Blockstream and the so-called white hats continues.
Doubts Over 'White Hat' Claims
While Blockstream has characterized the actors as white hats, some in the cryptocurrency community are skeptical. The doubts center on whether the individuals genuinely intended to help secure the network or had other motives.
The situation remains fluid, and it is unclear whether the remaining funds will be returned.
