Supposed White-Hat Hackers Drain $320 Million in BTC From Liquid Network, Say They’ll Return It After Fix

Supposed white‑hat hackers drained about $320 million in BTC from the Liquid Network and claim they did so to force a security fix, saying they will return the funds once the vulnerability is addressed. The assertion and timeline for returning assets are unverified, leaving material uncertainty about custody and recovery. The incident underscores significant custodial and sidechain security risks, risks to Liquid’s liquidity and reputation, and likely will prompt audits, tighter operational controls, and increased scrutiny across Bitcoin infrastructure.