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Blockstream refuses ransom for 598.5 BTC after Liquid Network hack, vows to recover remaining funds legally.

Market News
11 Sep 2026
Crypto news
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Bearish
Blockstream refuses ransom for 598.5 BTC after Liquid Network hack, vows to recover remaining funds legally.

Blockstream has declined to pay a ransom for about 598.5 BTC still held by hackers following a Liquid Network exploit that initially saw nearly 4,000 BTC stolen. After the hackers returned 3,400 BTC, Blockstream rejected their claim of white-hat actions and labeled the theft a crime. The company plans to collaborate with law enforcement and forensic experts to trace and recover the remaining Bitcoin, emphasizing that paying ransom would set a harmful precedent for open-source developers. Blockstream continues to urge the return of the outstanding funds and is committed to protecting users and the Bitcoin community.

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