$598.5 $BTC worth $49.69M is still held by the Liquid Network hacker 35 days after the freeze. You’d think this would be sorted by now, right?
The attacker returned ~3400 of the ~4000 stolen $BTC, but Blockstream straight up rejected their 10% bounty demand and is demanding the full rest back. No word on when redemptions will unfreeze, and users moving funds via Sideswap are eating 5% losses from slippage and fees thanks to low liquidity.
For $BTC short-term traders, your bearish bias gets canceled the second Blockstream announces a bounty deal or the external Elements audit finishes and redemptions resume. Until that signal pops, any $BTC rally above $84k that can’t hold volume is a fade, not a buy signal.
#Write2Earn #BinanceSquare #Bitcoin LiquidNetwork #TradingTournament
The attacker returned ~3400 of the ~4000 stolen $BTC, but Blockstream straight up rejected their 10% bounty demand and is demanding the full rest back. No word on when redemptions will unfreeze, and users moving funds via Sideswap are eating 5% losses from slippage and fees thanks to low liquidity.
For $BTC short-term traders, your bearish bias gets canceled the second Blockstream announces a bounty deal or the external Elements audit finishes and redemptions resume. Until that signal pops, any $BTC rally above $84k that can’t hold volume is a fade, not a buy signal.
#Write2Earn #BinanceSquare #Bitcoin LiquidNetwork #TradingTournament