keneci Network
News • Comedy • Science & Tech
Liquid Network Hacker Returns $268M in Bitcoin, Keeps $47M
September 07, 2026
post photo preview

Liquid Network has recovered 3,400 BTC (about $268 million) after an exploit drained nearly 4,000 BTC (about $320 million) from its federation wallet. The attacker, who identified as a "white hat," retained 598.5 BTC (about $47 million) in an address linked to the withdrawal, representing roughly 15% of the stolen funds.

The incident stemmed from a range-proof verification cache bug in Elements, the open-source software powering Liquid nodes, which allowed the creation of unbacked L-BTC tokens. No private keys or federation wallets were compromised; instead, attackers exploited the issuance logic to generate valid-looking tokens that were then pegged out via SideSwap, draining 95% of Liquid’s Bitcoin reserves.

Liquid immediately froze network operations and disabled bridge nodes to secure the remaining assets. The network remained paused while node operators updated their bridge software and verified the security fixes.

Communication between the attacker and Blockstream occurred entirely on-chain via Bitcoin OP_RETURN messages.

The hacker consolidated the stolen Bitcoin into a single address and broadcasted an OP_RETURN message reading: "we are whitehats. contact us on chain."

Blockstream established formal contact around Bitcoin block 965,822 by embedding encrypted text and a PGP signature in an OP_RETURN transaction.

The attacker sent encrypted details of the exploit back to Blockstream, stating they would not return the funds until the bug was fully patched across all network nodes.

Blockstream replied with a PGP-signed OP_RETURN message confirming against their official key on record: "Bridge nodes are patched, safe to return the funds," after which the attacker broadcast the return transaction.

While the return mitigated immediate insolvency risks, Liquid Network operations remain paused to restore 1:1 backing, and the status of the retained $47 million remains unclear, with no formal bounty agreement published.

Liquid official communications referred to the actor as a "purported white-hat hacker." Security experts and crypto community members heavily debated labeling the hacker a true "white hat," noting that taking funds by force prior to negotiations is extortion rather than responsible disclosure.

community logo
Join the keneci Network Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Posts
Articles
SpaceX Starlink Internet Satellites

With Starlink internet, data is continuously being sent between a ground dish and a Starlink satellite orbiting 550km above. Furthermore, the Starlink satellite zooms across the sky at 27,000 km/hr! MORE VIDEOS ON KENECI NETWORK RUMBLE CHANNEL: https://rumble.com/c/Keneci

00:28:08
Elon Musk, DOGE Speak On Waste And Fraud

US Department of Government Efficiency Services (USDS) led by Elon Musk speak on the "mind-boggling" fraud and waste in UInited States federal government

00:00:45
January 17, 2025
SpaceX Launches Starship 7th Test Flight

SpaceX successfully executed its second-ever “chopsticks” catch of a Super Heavy booster (or Booster 14) using the “Mechazilla” launch tower on Thursday(Jan. 16), during the seventh uncrewed test flight of the company's 123-meter Starship rocket. However, the megarocket's upper stage(or Ship 33) was lost approximately 8.5 minutes into the flight in a “rapid unscheduled disassembly(RUD)” or explosion

00:10:30
Welcome to Keneci Network!

Join the conversations!

December 09, 2025
Bitcoin White Paper By Satoshi Nakamoto

Bitcoin white paper

Bitcoin_White_Paper.pdf
September 17, 2024
Charges Against Sean 'Diddy' Combs In Grand Jury Indictment

The rapper was charged with racketeering conspiracy, sex trafficking by force, fraud or coercion, and transportation to engage in prostitution in the indictment unsealed Tuesday(Sept. 17)

Combs-Indictment-24-Cr.-542.pdf
November 06, 2026
post photo preview
USSF-432: SpaceX Falcon 9 Launches Classified Payload For The US Space Force

SpaceX Falcon 9 launched the classified USSF-432 mission for the U.S. Space Force from Vandenberg Space Force Base at 0048 UTC in California, marking the 119th Falcon 9 launch of the year and the 14th national-security flight.

The rocket followed a south-easterly trajectory from Space Launch Complex 4E (SLC-4E). The first-stage booster, B1095, completed its eighth flight after previously supporting the GPS III-8 mission and six Starlink launches. Following stage separation, B1095 successfully landed on the autonomous droneship 'Of Course I Still Love You' in the Pacific Ocean. The Falcon 9's upper stage, meanwhile, continued carrying its mystery payload skyward.

The mission, also designated R-4 in public documents, is part of a series of national security launches. While the U.S. Space Force and SpaceX have not officially disclosed payload specifics, analysts suspect the mission carries 23 satellites based on SpaceX’s Starshield platform—a government-hardened variant of Starlink. These satellites are believed to support the Space Force’s Space Based Sensing and Targeting (SBST) program, likely deploying into Low Earth Orbit (LEO).

Starlink is SpaceX's LEO broadband megaconstellation, which consists of more than 11,000 active satellites. Starshield is a similar system designed to provide services to the U.S. military and its allies. Starshield satellites are believed to be based heavily on the Starlink satellite bus.

The live webcast of USSF-432 was cut short approximately 10 minutes into the flight, shortly after the booster landing, consistent with standard protocols for classified missions. This launch was the 74th from California in 2026 and the 125th total SpaceX launch of the year.

Read full Article
November 06, 2026
post photo preview
Fox Completes $22B Acquisition Of Roku

Fox Corporation has completed its $22 billion acquisition of Roku, closing the deal in November 2026 ahead of the original 2027 target; and transforming the Rupert Murdoch family’s media empire into the third-largest player in U.S. television by viewing share.

The merger combines Fox’s premium live sports and news content with Roku’s connected TV platform that reaches over 100 million households globally.

Under the merger terms, Roku shareholders received $95.30 in cash and 0.9799 shares of Fox Class A common stock per share, resulting in former Roku shareholders owning approximately 26% of the combined company while existing Fox shareholders retain 74%.

Roku founder Anthony Wood joins Fox’s board and serves as co-chair of the newly formed Fox Digital Platforms, which consolidates Roku, the free ad-supported service Tubi, the subscription service Fox One, and Red Seat Ventures.

The acquisition marks a strategic pivot for Lachlan Murdoch, who previously sold Fox’s 6 million shares of Roku stock in 2020 to help finance the acquisition of Tubi.

Fox now aims to leverage Roku’s advertising capabilities to generate $400 million in annual cost synergies within two years while maintaining the platform as an open ecosystem for competitors. The company says Roku will remain an "open platform" for every content partner.

Read full Article
November 06, 2026
post photo preview
Tesla Winds Down Cybertruck Production, To Make More Cybercabs

Elon Musk announced on X Friday, that Tesla will wind down Cybertruck production at Gigafactory Texas around mid-2027 to "make room for increased Cybercab production." The Cybertruck is exclusively manufactured at the Austin facility, and the freed-up space will be used to ramp up production of the two-seat, steering-wheel-free autonomous robotaxi.

The Cybertruck consistently fell short of targets, selling 20,237 units in 2025, a 48% decline from 38,965 in 2024, and far below Musk’s original prediction of 250,000 annual units. The vehicle, while popular among car enthusiasts, has not been profitable to the electric (EV) vehicle company since deliveries began in November 2023. Musk's SpaceX was a significant early buyer, purchasing $131 million worth of Cybertrucks in 2025.

 The Cybercab debuted in 2024 and began street demonstrations in Austin in September 2026. It is designed as a fully autonomous ride-share vehicle with no pedals or steering wheel, intended to compete with services like Waymo.

The decision to wind down Cybertruck production aligns with Tesla’s broader shift toward more affordable cars, AI and robotics, as the company previously ended Model S and Model X production to build Optimus humanoid robots. Model Y remains the most popular car in many markets, outselling both EVs and non-EVs.

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals