Crypto
Blockstream Rejects Ransom for Stolen 600 BTC from Liquid Network
Blockstream's decision to reject a ransom for nearly 600 BTC stolen from its Liquid Network is sending shockwaves through the cryptocurrency community.
The breach occurred on September 6, 2026, when hackers discovered and exploited a serious flaw in the transaction-validation software of the Liquid Network.
About 4,000 BTC were siphoned from the federation wallet, with around 3,400 BTC recovered. The lingering absence of 600 BTC has raised questions about the trustworthiness of involved parties and the operational future of the Liquid Network.
Blockstream's stance against ransom demands is a significant shift in how cryptocurrency-related incidents are managed.