Liquid Network hacker retains 598.5 BTC as L-BTC redemption remains suspended

Following the September 6 exploit on Liquid Network, the attacker has returned 3,400 BTC, representing approximately 85% of the stolen assets. The hacker still holds 598.5 BTC, valued at over $45 million. Blockstream, the infrastructure firm maintaining the network, has refused to pay a ransom and is demanding the return of the remaining funds. Currently, the network shows 4,234.76 L-BTC in circulation against 3,632.23 BTC in reserves. The L-BTC to BTC redemption channel has been suspended for 11 days, and Sideswap confirmed that redemptions are currently unavailable. Blockstream founder Adam Back stated that L-BTC will be backed 1:1 by BTC reserves and advised holders against selling at a discount. The attacker's wallet has been targeted by address poisoning and scam attempts.