Liquid Federation recovers about 3,400 BTC; roughly 600 BTC still missing

AI Market Summary
Liquid Federation has reportedly recovered ~3,400 BTC following an exploit of ~4,000 BTC, leaving ~600 BTC unrecovered. The partial return and claim of a "whitehat" contingent on a Blockstream patch reduces immediate systemic fear versus a full loss, but the remaining missing funds and unresolved exploit details keep operational and reputational risk elevated. Short-term flows may reflect reduced forced-selling risk while uncertainty persists.
Impact level
● Medium
Affected assets
BTC/USDT-0.84%
AI Insight · BTC/USDTAI Insight
● Neutral
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Odaily Planet Daily reports that, based on monitoring by Bitcoin News, the Liquid Federation has regained approximately 3,400 BTC after an estimated 4,000 BTC were exploited. About 600 BTC remain unrecovered. The funds were returned following an onchain swap. A suspected white-hat hacker had said the bitcoin would be sent back once Blockstream fixed the vulnerability. The incident remains ongoing.