Blockstream Says It Will Not Pay a Ransom for the Bitcoin Still Missing From Liquid

Blockstream Says It Will Not Pay a Ransom for the Bitcoin Still Missing From Liquid

Blockstream said it will not pay for the return of the roughly 598.5 BTC that remains with the group behind the Liquid Network exploit, rejecting the claim that the operation was white-hat security work. Withholding the coins “is a crime, not responsible disclosure,” the company said in a statement on X, adding that its earlier good-faith effort to negotiate their return should not be read as accepting the terms being demanded. Submitting to the…

Blockstream Rejects Ransom After 85% of Stolen Bitcoin Crypto Returns

Key Insights Blockstream says about 3,400 Bitcoin crypto, or 85% of the stolen funds, has been returned. Around 598.5 BTC is still outstanding as Blockstream rejects any ransom payment. Blockstream plans lawful recovery efforts involving authorities, exchanges, and forensic specialists. Blockstream...

Blockstream Ransom Demand Rejected As 598.5 BTC Remains

Blockstream has refused to pay a 10% bounty after 3,400 BTC was returned following the Liquid Network exploit. About 598.5 BTC remains under the actors’ control as the company pursues recovery efforts and rejects claims of white-hat activity.

Blockstream Refuses Ransom Demand as Nearly 600 Bitcoin Remain Missing

Blockstream says it will not pay the actors holding nearly 600 bitcoin after the Liquid Network exploit, rejecting their white-hat claim as the recovery fight intensifies.

CASE STUDY | BlockStream Refusal to Pay Bitcoin Hackers a Ransom Sets a Precedent

Blockstream has refused to pay a ransom or reward to recover the remaining Bitcoin taken from the Liquid Network, standing by its position that the unauthorized removal of assets was theft, not responsible disclosure. The incident began with the withdrawal of roughly 4,000 BTC, worth about $320 million at the time, from Liquid’s reserves. The attackers claimed to be white-hat hackers and demanded engagement with Blockstream while holding the fun…