On September 7, PANews reported that Galaxy’s research lead, Alex Thorn, stated that the “white hat” hacker behind the Liquid Network exploit has communicated with Blockstream via on-chain OP_RETURN messages and PGP-encrypted text, indicating that most of the BTC will be returned after the Liquid network vulnerability is patched. Blockstream initiated contact, and the hacker replied, “Would it be acceptable to return most of the funds to a Blockstream address?” followed by a clear demand: “First, fix the vulnerability. Ensure all nodes have applied the patch. Confirm the fix is complete, and the funds will be safely returned.” Additionally, the attacker sent Blockstream encrypted technical information via PGP, readable only by their team. Both parties are currently in ongoing communication.
White Hat Hacker to Return Most BTC After Liquid Network Vulnerability Fix
PANewsShare
Summary
A white hat hacker involved in the Liquid Network breach has confirmed plans to return most BTC once the vulnerability is resolved. According to PANews, the hacker used on-chain OP_RETURN messages and PGP-encrypted text to communicate with Blockstream, requesting confirmation that all nodes have been patched before returning the funds. Ongoing dialogue between both parties is evident in network activity. Technical details were shared via PGP encryption, ensuring only Blockstream can access them. The hacker emphasized a secure return of funds once the fixes are verified. Network metrics indicate the issue is being closely monitored.
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