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$47M Still Missing After Liquid Hack as Blockstream Bargains With 'White Hats'

By Staff · Sep 9, 2026 · 4 views

The recent hack on the Liquid sidechain has left Blockstream in a precarious position as they attempt to recover the remaining 600 BTC from the total of approximately 4,000 BTC that was initially stolen. While the hackers have returned 3,400 BTC, the status of the remaining funds is uncertain. Blockstream is currently engaged in negotiations with the hackers, who present themselves as 'white hats'—ethical hackers who aim to expose vulnerabilities for the greater good. However, skepticism remains about their true intentions, given the substantial amount still unaccounted for. This incident highlights the ongoing security challenges faced by Bitcoin sidechains and the importance of robust security measures in the cryptocurrency space.