Blockstream says it will not negotiate with the hackers behind the Liquid Network exploit, arguing that withholding other parties’ funds is criminal rather than a legitimate “disclosure” effort. In a statement released Friday, the Bitcoin infrastructure firm said it engaged with ...
- Blockstream has refused to pay a ransom to hackers who exploited the Liquid Network, stating that withholding funds is criminal and not a legitimate disclosure.
- Following the exploit, approximately 4,000 BTC were withdrawn, with 3,400 BTC returned, leaving around 598 BTC still outstanding.
- Liquid has resumed block production after updates, but transactions remain suspended, and Blockstream plans to involve law enforcement and forensic specialists for recovery.
Topics: Blockchain usage, Legal regulatory, Risk default, 6 1 ethereum evm l 1 s, 3 1 securities law classification, 9 1 credit counterparty risk, 9 2 smart contract vulnerabilities
Tags: #blockstream #liquidnetwork #hackers #ransomdemand #bitcoin #btc #sidechain #exploit #securitybreach #lawenforcement
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