Blockstream Responds to $6.7M River Lawsuit Amid Ongoing Terra Fallout
Blockstream has responded to a lawsuit filed by River Financial for $6.7 million. According to a recent news report, Blockstream addressed the lawsuit in court. The exact details of the response are not specified.
The lawsuit revolves around an alleged dispute between Blockstream and River Financial over funds that were transferred during the 2022 Terra (LUNA) collapse. In June 2022, River claimed that it sent $6.7 million worth of Bitcoin to Blockstream's wallet address, but the funds never reached their destination.
Blockstream has not commented on the lawsuit or its response in detail. However, the company has maintained a strong presence in the cryptocurrency industry, particularly with its work on the Liquid Network and the development of Bitcoin's sidechains.