‘Return the bitcoin’: Blockstream refuses ransom demand for remaining 600 BTC from Liquid exploit

Read original at The Block·

‘Return the bitcoin’: Blockstream refuses ransom demand for remaining 600 BTC from Liquid exploit

60-second summary

Blockstream rejects a ransom demand for the 600 BTC still missing after the Liquid network exploit, insisting it will not pay. The company has resumed normal transaction processing on Liquid, but peg‑out functionality stays disabled while engineers continue recovery efforts. This stance underscores ongoing security concerns and may pressure market confidence in Layer‑2 Bitcoin solutions.

Liquid has resumed transactions following the exploit, though peg-outs remain disabled as recovery work continues.