Hacking News
Liquid Network Announces Final Stages of Recovery Following Massive Hack
One month after hackers stole 4,000 bitcoins from the Liquid Network's federation wallet, the network has resumed operations. The Liquid Network reported enhanced security measures and progress in restoring full 1:1 bitcoin backing and controlled reactivation of Federation peg-outs. The hackers, who exploited an inflation bug, claimed to be white hat but critics argue they kept 15% of the stolen funds.