Blockstream rejects ransom as Liquid hackers hold nearly 600 BTC
60-second summary
Blockstream publicly refuses to pay the ransom demanded by the Liquid network hackers, who currently control almost 600 BTC, and announces cooperation with law‑enforcement agencies, exchanges and forensic experts to trace and recover the stolen coins. The firm’s stance underscores heightened security concerns across Bitcoin sidechains, prompting investors to scrutinize custodial risks and potentially dampening short‑term market confidence.
Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it.