Liquid Recovers 3,400 BTC After Hacker Retains $47 Million in Bitcoin
(45 days ago) · 1 source · Summarized by CryptoBipto
Cryptocurrency exchange Liquid has reportedly recovered 3,400 BTC from a hacker who retained approximately $47 million worth of Bitcoin. The hacker allegedly communicated with the exchange, asking 'is that ok?' after keeping a portion of the stolen funds.
WHY IT MATTERS
When a crypto exchange gets hacked, it means someone found a way to steal digital currency from the platform — similar to a bank robbery, but digital. In this case, the hacker returned most of the stolen Bitcoin but kept a significant portion. This is a pattern that has emerged in crypto: sometimes hackers negotiate to keep some of what they stole in exchange for giving back the rest, almost like a thief returning most of the jewelry but keeping a few pieces. For newcomers to crypto, this highlights an important reality — funds held on exchanges are only as safe as the exchange's security measures, which is why many experienced users store their crypto in personal wallets they control directly.
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- cryptoslate.com
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