Liquid White Hats Return $270 Million in Bitcoin Ahead of Network Restart

Bitcoin linked to the Liquid network is being returned after a security incident involving the platform’s federation wallet. According to Cointelegraph, the actors described as “white hats” have sent back $270 million worth of Bitcoin, representing 85% of the funds withdrawn from the wallet. The return comes as Liquid prepares to restart its network. The development reduces the amount of Bitcoin still outside the federation wallet following the incident, although the supplied information does not specify the value of any remaining funds or provide further details about the restart timeline. Liquid’s federation wallet is associated with the network’s operations, making the recovery relevant to Bitcoin market participants monitoring the incident and the platform’s return to service.