Blockstream Stands Firm Against Hacker Ransom Demand
Blockstream has refused to pay a 10% ransom demand from hackers who have stolen 698.5 BTC, equivalent to around $13 million at current prices.
The company made this decision after the attackers demanded a payment in exchange for the return of the remaining coins.
According to reports, the hackers had attempted to extort Blockstream by threatening to release the stolen funds onto the market and drive down their value.