A hacker stole $340M in a crypto heist, then returned most of it

A hacker stole thousands of bitcoins worth about $340 million in a heist at a settlement exchange used by several cryptocurrency exchanges, representing one of the largest known thefts of crypto this year.

Liquid Network, launched in 2018 by crypto firm Blockstream, said in a post on X on Sunday that a “white hat” hacker stole the funds from the network’s wallet, and that it has paused operations until the incident is resolved.