Self-described white-hat hackers have returned 3,400 BTC of the 4,000 BTC drained from Liquid Network's federation wallet, keeping roughly 598.5 BTC worth $47 million. The exploit, triggered by a range-proof verification cache bug in the Elements codebase, temporarily left Liquid's L-BTC token uncollateralized. While the return eases the collateral crisis, the network remains frozen as Blockstream and federation members implement security patches and prepare for a coordinated restart.
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