It’s been 11 days since the so-called white hat hackers siphoned nearly 4,000 BTC from the Liquid Network. Since then, after the return of 3,400 BTC and a whole lot of onchain bickering, L-BTC to BTC peg-outs are still not functional on Liquid, and the hackers still hold 598.50 BTC valued at more than $45 […]
Bitcoin.com News•Jamie Redman6h ago
Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the crypto industry should reward partial restitution. The standoff follows an unusual recovery from the Sept. 6 exploit, when a vulnerability allowed the attacker to create about 4,000 unbacked L-BTC and withdraw roughly 3,996 real BTC through […]
CryptoSlate•Oluwapelumi Adejumo12 Sept
Blockstream says it will pursue the remaining bitcoin through lawful channels as debate grows over whether the Liquid attackers were white-hat researchers.
AMBCrypto•Adewale Olarinde11 Sept
Bitcoin Magazine Blockstream Tells Hackers To Return Remaining Bitcoin Stolen in Liquid Theft White hat hackers targeted Blocksteam's Liquid sidechain, taking over 4,000 bitcoins. They want to keep some of the bitcoins as a reward. Blockstream isn't happy. This post Blockstream Tells Hackers To Return Remaining Bitcoin Stolen in Liquid Theft first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Liquid said on Sept. 8 that 3,400 BTC had been returned and about 598.5 BTC remained outstanding; transactions later resumed with peg-outs disabled.
The Defiant•The Defiant Team11 Sept
A group that drained nearly 4,000 BTC from Blockstream’s Liquid Network returned 3,400 BTC, kept about 598.5 BTC, demanded a 10% bounty, and warned L-BTC holders could face a 15% loss. Now Blockstream has answered with an unusually direct ultimatum: It will not pay. The company says taking the bitcoin was theft, not white-hat security […]
Bitcoin.com News•Jamie Redman11 Sept
With 598.5 BTC still outstanding, the company says it will go to law enforcement should the funds not be returned.
Blockstream refuses the 10% cut white hat hackers have learned to expect, leaving 598 Bitcoin still missing from Liquid.
BeInCrypto•Lockridge Okoth11 Sept
Liquid has resumed transactions following the exploit, though peg-outs remain disabled as recovery work continues.
The Block11 Sept
Blockstream's refusal to pay ransom sets a precedent against rewarding cybercriminals, potentially deterring future exploit attempts in the industry.
CryptoBriefing•Editorial Team11 Sept
After 3,400 BTC was returned, Blockstream rejected a further bounty and said it would pursue whoever holds the remaining funds.
Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it.
Cointelegraph•Cointelegraph by Ezra Reguerra11 Sept
Blockstream has drawn a hard line against the hackers behind the recent Liquid Network exploit.
U.Today•Alex Dovbnya11 Sept
Blockstream has refused to pay a ransom for roughly 598.5 BTC that remains under the control of the actors behind the Liquid Network exploit after 3,400 BTC was returned earlier this week. Blockstream said in an X post on Sept.…
The security team, which has already uncovered thousands of vulnerabilities, hinted at a previous disclosure of the bug that allowed a white-hat hacker to take control of nearly 4,000 BTC. Calle, who leads the team, stressed that Blockstream ignored their emails before the incident. Bitcoin Red Team Allegedly Reported Liquid Bug Before 4,000 BTC Incident […]
Bitcoin.com News•Sergio Goschenko11 Sept
Samson Mow warned the hackers that dreaming of walking away with the remaining assets unscathed is nothing but delusion.
Blockstream’s standoff with the self-described white hats behind the Liquid Network exploit kicked into high gear Wednesday after the group demanded a 10% bug bounty and threatened further losses for holders. White Hats Come Out Swinging With 10% Demand The latest message appeared on the Bitcoin blockchain through OP_RETURN, a feature that lets users attach […]
Bitcoin.com News•Jamie Redman9 Sept
The hackers have returned 3,400 of the roughly 4,000 BTC drained from the sidechain, but about 600 BTC remains outstanding—and some doubt the actors' "white hat" claims.
This weekend, Bitcoin.com News reported on the exploit that affected Blockstream’s Liquid Network, as nearly 4,000 BTC was siphoned from the layer-two protocol’s reserves. So far, self-described white hats returned 3,400 BTC and kept 598.49 BTC. Additionally, throughout the whole ordeal, which is still somewhat up in the air, both parties leveraged the Bitcoin blockchain […]
Bitcoin.com News•Jamie Redman8 Sept
The Sept. 7 return replenished the federation wallet, but Blockstream still listed a public bridge outage the following morning.
CryptoSlate•Liam 'Akiba' Wright8 Sept