They Returned 3,400 BTC and Kept 598.5. That's the Whole Case.
Summary :
Immunefi CEO Mitchell Amador says the Liquid Network attackers became thieves the moment they kept 598.5 BTC after returning 3,400 BTC.
Amador: "Coordinated disclosure ends the moment you set the terms yourself."
He says protocols should define rescue terms and bounty caps before an exploit happens, not during one.
The 10% bounty convention still has a role, but only when the protocol sets it in advance.
Blockstream has rejected the 10% demand and refuses to pay for the remaining Bitcoin.
https://bitnxt.io/crypto-news/liquid-network-attacker-theft-immunefi-ceo
#Bitnxt
Summary :
Immunefi CEO Mitchell Amador says the Liquid Network attackers became thieves the moment they kept 598.5 BTC after returning 3,400 BTC.
Amador: "Coordinated disclosure ends the moment you set the terms yourself."
He says protocols should define rescue terms and bounty caps before an exploit happens, not during one.
The 10% bounty convention still has a role, but only when the protocol sets it in advance.
Blockstream has rejected the 10% demand and refuses to pay for the remaining Bitcoin.
https://bitnxt.io/crypto-news/liquid-network-attacker-theft-immunefi-ceo
#Bitnxt
