Blockstream Refuses to Pay Hackers After 4,000 BTC Theft

Blockstream has officially rejected a ransom demand from a group that recently drained nearly 4,000 BTC from the Liquid Network. While the attackers returned 3,400 BTC, they kept 598.5 BTC and demanded a 10 percent bounty payment to keep the remaining funds. The group also issued a public warning suggesting that L BTC holders could face a 15 percent loss if their terms are ignored.

In a clear response, Blockstream labeled the incident as simple theft rather than a white hat security operation. The company stated it will not pay any bounty to the hackers. By refusing to negotiate, Blockstream is drawing a firm line against those who exploit network vulnerabilities for profit.

This standoff leaves L BTC holders waiting to see how the network manages the missing assets. Market watchers are keeping a close eye on this situation to see if the hackers take further action or if Blockstream can recover the remaining funds through other means. The firm stance from the company shows a growing trend of rejecting ransom demands in the crypto space.