White House · Bitcoin · Bitcoin Magazine
Blockstream Tells Hackers To Return Remaining Bitcoin Stolen in Liquid Theft
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
White hat hackers targeted Blocksteam's Liquid sidechain, taking over 4,000 bitcoins.
Key facts
- Liquid, or L-BTC, is a layer-2 created by Blockstream that allows users to fast move assets backed 1:1 with bitcoin
- The Bitcoin community is still reeling after hackers in July were able to steal over 1,800 bitcoins worth close to $140 million from Coldcard wallet holders
- You SHALL pay 10% using your own money as bug bounty or you will cause all your holders a 15% loss for your irresponsibility and stinginess,” the message read
- White-hat hackers on Sunday withdrew about $320 million from the federation wallet that backs Liquid, a sidechain by Blockstream
Summary
Bitcoin infrastructure firm Blockstream has refused to negotiate further with hackers who last week stole 4,000 bitcoins from its Liquid network. Writing on X Friday, Blockstream said that the hackers still had time to return the funds before the company would work with law enforcement. White-hat hackers on Sunday withdrew about $320 million from the federation wallet that backs Liquid, a sidechain by Blockstream. “Blockstream will not pay a ransom for the return of stolen funds,” the post read.