The Liquid Network security incident has taken an unusual turn after the unidentified actors behind the theft of nearly 4,000 BTC offered to return “most” of the funds — but only after the vulnerability that enabled the exploit is fixed across the network. 

The purported white-hat hackers communicated their condition through an ongoing exchange with Blockstream, according to Galaxy Research head Alex Thorn. The incident involved roughly $320 million worth of BTC and has raised questions over whether the attackers are genuine security researchers or simply exploiting the language and behavior associated with white-hat hacking. 

The episode began on Sunday, when approximately 4,000 BTC w...