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Cybersecurity

Most of $340M in Bitcoin Stolen From Liquid Network Returned After Bug Fix

Hacker returns most of $340M in bitcoin stolen from Liquid Network after operator fixes bug; platform remains paused.

AI News Feed · 2026-09-09 03:24

Liquid Network, launched in 2018 by crypto firm Blockstream, said in a post on X on Sunday that a “white hat” hacker had stolen the funds from the network’s wallet and that it had paused operations until the incident was resolved. The hacker’s identity has not been established. Crypto media reported that the hacker exploited a bug to withdraw the funds and subsequently said they would return the funds if Blockstream fixed the bug.

Former Blockstream executive Samson Mow said in a post on X on Monday that the company had fixed the bug and about 3,400 of the roughly 4,000 stolen bitcoins had been returned. The remaining approximately 600 bitcoins, worth about $47 million, were still under the hacker’s control. Mow added that operations would remain paused until additional fixes and security improvements were made before restarting.

The heist is among the largest thefts of digital funds to date, according to the Rekt leaderboard, which tracks cryptocurrency thefts. TechCrunch reported that it represents one of the largest known thefts of crypto this year.