Crypto
White-Hat Hacker Returns $270M Worth of BTC to Liquid Network
A white-hat hacker has returned 3400 BTC ($268.16M) to Liquid Network, following a recent draining of 3998.5 BTC. This move comes as the remaining 598.5 BTC ($47.2M) was shifted to a fresh wallet as potential bounty.
The returned funds are a significant portion of the original amount taken by the hacker. The incident highlights the complexities and risks associated with blockchain transactions, particularly when it comes to identifying and tracking malicious activity.
Despite this development, Bitcoin's price action remains steady, trading at $79,349 within its Bollinger bands. This price movement is closely watched by market participants, with some analysts warning of potential short-term caution due to the MACD death cross signal.