Blockstream Refuses Ransom for Return of $47M in Bitcoin from Liquid Hack: 'It Is Theft'
60-second summary
Blockstream declares the $47 million (about 598.5 BTC) stolen in the Liquid network hack “theft,” refusing any ransom and stating it will involve law enforcement if the coins are not returned. The firm’s firm stance underscores heightened security concerns across crypto custodians, while investors watch for potential price pressure on Bitcoin as the incident fuels broader market anxiety.
With 598.5 BTC still outstanding, the company says it will go to law enforcement should the funds not be returned.