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Blockstream Rejects Ransom Demand After Recovering 85% of Stolen Liquid BTC

Crypto Briefing Read original source (opens in a new tab)
The Story

News Summary

  • Blockstream recovered 3,400 of 4,000 BTC drained from Liquid Network but refused to pay a ransom for the remaining 598.5 BTC ($47 million).
  • Caused by a peg validation logic flaw rather than compromised keys, the vulnerability has been patched as law enforcement assists in tracking the remaining assets.
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