Blockstream Faces Bitcoin Ransom Demand After Liquid Network Breach
- On September 6, nearly 4,000 BTC was drained from Blockstream’s Liquid Network.
- Attackers returned approximately 3,400 BTC, leaving roughly 598.5 BTC unreturned.
- The attackers demanded a bounty of 10% for the return of the remaining funds.
- Blockstream refused to pay the ransom and plans to involve law enforcement and exchanges in recovering the lost bitcoin.
- The incident has sparked debate over security practices and responsible disclosure in the crypto community.
Following a significant breach on September 6, Blockstream’s Liquid Network saw nearly 4,000 BTC stolen, with attackers returning most but withholding about 598.5 BTC. The attackers’ demand for a bounty has been rejected by Blockstream, which is now seeking assistance from law enforcement and exchanges to recover the remaining funds.
This situation highlights ongoing challenges in securing cryptocurrency networks and managing vulnerabilities responsibly within the industry. (Source)
