55CRYPTO
⚡ Markets: The hack and subsequent refusal to pay ransom highlight security risks in the crypto ecosystem, particularly for sidechains. It may negatively impact sentiment around Liquid Network and associated assets, while reinforcing the importance of robust security protocols.BTCL-BTC
Blockstream has publicly refused a ransom demand from hackers who stole nearly 600 Bitcoin (worth approximately $47 million) from its Liquid Network sidechain. The company stated it considers the funds stolen and will work with law enforcement and blockchain analysis firms to recover them.
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