🔥 Blockstream Refuses Ransom for Return of $47M in Bitcoin from Liquid Hack: 'It Is Theft'.
Taking assets without authorization and withholding their return is a crime, not responsible disclosure, the company said on Friday. To those responsible for the theft of bitcoin from the Liquid Network: Blockstream will not pay a ransom for the return of stolen funds. Taking assets without authorization and withholding their return is a crime, not responsible disclosure. It is Blockstream (@Blockstream) September 11, 2026 Around 4,000 BTC was drained from the sidechain on Sunday, worth about $320 million.
The attackers returned 3,400 BTC on Monday, leaving 598.5 BTC at the address they withdrew to, where it remains unmoved. A flaw in how Liquid nodes cache range proof verifications let the attackers mint unbacked L-BTC and swap it for reserve Bitcoin through SideSwap, a federation member holding a peg-out authorization key. Blockstream patched the bridge nodes within ten hours and shipped Elements v23.3.4 on Wednesday. Liquid resumed producing blocks and processing transactions Thursday, though peg-outs stay disabled as a precaution while the final stage of recovery continues.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem
Taking assets without authorization and withholding their return is a crime, not responsible disclosure, the company said on Friday. To those responsible for the theft of bitcoin from the Liquid Network: Blockstream will not pay a ransom for the return of stolen funds. Taking assets without authorization and withholding their return is a crime, not responsible disclosure. It is Blockstream (@Blockstream) September 11, 2026 Around 4,000 BTC was drained from the sidechain on Sunday, worth about $320 million.
The attackers returned 3,400 BTC on Monday, leaving 598.5 BTC at the address they withdrew to, where it remains unmoved. A flaw in how Liquid nodes cache range proof verifications let the attackers mint unbacked L-BTC and swap it for reserve Bitcoin through SideSwap, a federation member holding a peg-out authorization key. Blockstream patched the bridge nodes within ten hours and shipped Elements v23.3.4 on Wednesday. Liquid resumed producing blocks and processing transactions Thursday, though peg-outs stay disabled as a precaution while the final stage of recovery continues.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem