Blockstream rejects ransom as Liquid hackers hold nearly 600 BTC
Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it.
Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it.
Bitcoin infrastructure company Blockstream said it will not pay a ransom to recover funds still held by the Liquid Network hackers.
“Taking assets without authorization and withholding their return is a crime, not responsible disclosure,” Blockstream said Friday. “It is not white-hat activity. It is theft.”
The hackers demanded that Blockstream pay a 10% bounty from its own funds in an onchain message shared by Jan3 CEO and former Blockstream chief strategy officer Samson Mow on Wednesday. They warned that Liquid holders would otherwise face a 15% loss.