Blockstream has drawn a hard line against the party holding the Bitcoin taken from Liquid Network and said it will not pay a ransom for the return of the stolen funds. In its latest statement, the blockchain technology company led by Adam Back rejected the claim that the incident was considered a responsible disclosure, while … Read more
The dispute between Blockstream and the party claiming to be a white hat hacker has taken a sharper turn, according to the latest update from Samson Mow. The hacker accused Blockstream of serious security flaws, while claiming the company allocated only $1.5 million, if anything, to secure $5 billion in assets. New shock with Blockstream … Read more
Bitcoin Layer 2 network Liquid Network reported a security incident in which alleged white hat hackers withdrew approximately 4,000 BTC, worth $320 million, from Liquid Federation’s wallet. Blockstream attempts to contact the parties involved via a signed on-chain message. Network bug needs to be fixed first In an update, Liquid said the funds were withdrawn … Read more