Bitcoin · White House · Bitcoin Magazine
Liquid Gets 3,400 BTC Back After On-Chain Talks; White Hats Keep 598.5 BTC
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The “White hat” party that withdrew nearly 4,000 bitcoin from the Liquid Network federation wallet on Sunday returned 3,400 BTC to the wallet on Monday.
Key facts
- The return transaction (bc49a46d ), confirmed at 16:09 UTC on September 7
- The “White hat” party that withdrew nearly 4,000 bitcoin from the Liquid Network federation wallet on Sunday returned 3,400 BTC to the wallet on Monday
- While 15% might sound reasonable, the total sum is so large that it nears $50 million at today’s prices
- The white hats sent back 85% of the funds, keeping 15% as an implied finder’s fee
Summary
The return transaction (bc49a46d ), confirmed at 16:09 UTC on September 7. In block 965869, the White hats asked in the clear text whether sending “most” back to the federation script was acceptable. Soon after, the White hats wrote “Please fix the bug first. In the same block, a clear-signed reply from the Blockstream sender said “Yes, thank you.” Hours later, the same Blockstream posted another clear-text note: “ Bridge nodes are patched, safe to return the funds ”.