Liquid Network recovers 3,400 BTC after breach; $47M in bitcoin still outstanding

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Liquid Network has recovered 3,400 of the 4,000 bitcoin taken during a security breach that occurred on Sunday. The individuals behind the incident have been described as white-hat hackers, suggesting the act may have been intended to expose vulnerabilities. Approximately $47 million worth of bitcoin remains unrecovered as of the latest update. Negotiations are reportedly ongoing between the parties to secure the return of the remaining funds.

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