Blockstream rejects ransom as Liquid hackers hold nearly 600 BTC

regulatory

Blockstream rejected a ransom demand from hackers who reportedly obtained nearly 600 BTC linked to Liquid, the company’s Bitcoin sidechain network. The incident underscores the scale of the assets at stake and the potential security and reputational risks facing custodial or bridge infrastructure. The hackers’ control of the funds could create market or operational pressure, although the immediate impact on Bitcoin’s base layer appears limited.

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