Liquid Network recovers 3,400 BTC after breach as talks continue

Liquid Network has recovered 3,400 bitcoin allegedly taken during Sunday’s breach, according to CoinDesk. The recovery represents most of the 4,000 BTC involved, while nearly $47 million worth of bitcoin remains outstanding. Discussions are continuing over the return of the remaining funds. The individuals responsible have been described as supposed whitehat hackers, though the source does not provide further details about their identity or the circumstances of the incident. The recovery leaves a portion of the bitcoin still unresolved as negotiations continue. The development is directly relevant to BTC markets because the incident involved a substantial amount of bitcoin and the outstanding balance has not yet been returned.