Liquid Network Suffers $320 Million Hack, White-Hat Hackers Agree to Return Funds

A recent hack on the Liquid Network has resulted in the loss of approximately $320 million worth of BTC. The incident occurred when roughly 4,000 BTC were withdrawn from the network's federation wallet on September 6.

The hackers, who claim to be white-hat hackers, have agreed to return most of the stolen funds under certain conditions. They have requested that the vulnerability be patched before returning the Bitcoin.

Despite the significant loss, the price of Bitcoin has remained relatively stable at around $79,500. The incident highlights concerns over digital-asset security and the need for robust measures to prevent such attacks in the future.