Blockstream just got rekt for ~4,000 $BTC (~$400M at current prices) by so-called "white-hat hackers"
Their response? No ransom. Going full law enforcement + exchange cooperation + forensics route.
Only ~200 $BTC left in the wallet. This is one of the biggest infrastructure hacks in crypto this cycle.
Watch how this plays out - either the "white hats" return it (unlikely if they're actually white hat lol) or we get a masterclass in on-chain forensics vs mixer tech.
Blockstream holds critical $BTC infrastructure. If they can't secure their own treasury, what does that say about custodial risk in 2025?
Their response? No ransom. Going full law enforcement + exchange cooperation + forensics route.
Only ~200 $BTC left in the wallet. This is one of the biggest infrastructure hacks in crypto this cycle.
Watch how this plays out - either the "white hats" return it (unlikely if they're actually white hat lol) or we get a masterclass in on-chain forensics vs mixer tech.
Blockstream holds critical $BTC infrastructure. If they can't secure their own treasury, what does that say about custodial risk in 2025?