$320M in BTC Drained by “White Hats” — Heroes or Hackers? 👀 The Liquid Network just faced a massive security incident involving roughly 4,000 BTC worth ~$320M. But this isn't a normal crypto hack. The people behind the withdrawal claim they are white-hat hackers. Liquid said the funds were withdrawn through the peg-out mechanism, while its federation keys were reportedly not compromised. Here's where it gets interesting: → Around 95% of Liquid's BTC reserves were moved → Liquid paused bridge activity → Exchanges halted or restricted L-BTC deposits and withdrawals → The attackers communicated with Blockstream through on-chain messages → They said the funds would be returned after the underlying vulnerability was fixed. And now the story has another twist. The attackers have already returned 3,400 BTC, leaving roughly 598.5 BTC (~$47M) still with them. So what do we call this? A hack? A rescue operation? Or a grey-hat intervention that went too far? The bigger lesson may be about trust and infrastructure. If a vulnerability can move hundreds of millions in Bitcoin without compromising the federation's private keys, then the question isn't only who took the BTC? It's: How much trust should users place in the systems sitting between Bitcoin and its sidechains? Would you call these people white-hat heroes or hackers holding BTC hostage? 👀 $BTC $L -BTC