Blockstream Stands Firm Against Liquid Network Ransom

Blockstream confirmed today that it will not pay a ransom to recover 600 BTC stolen during a recent security incident on the Liquid network. The hackers behind the exploit reached out with demands, but the company has chosen to ignore them and focus on internal recovery efforts instead.

Transactions on the Liquid network are now back online for users. However, the team is keeping peg outs disabled while they finish their security audit and restore full functionality. This cautious approach ensures that the remaining assets on the network stay protected during the cleanup process.

The industry is watching how Blockstream handles this recovery, as their refusal to negotiate sets a clear standard for incident response. Traders should keep an eye on updates regarding when peg out services will return to normal operation.