Bitcoin
Blockstream Negotiates for Remaining 600 BTC Following Liquid Network Exploit
Blockstream is in discussions to recover roughly 598.5 Bitcoin still outstanding after attackers returned most of the drained funds.
Blockstream is negotiating with the individuals responsible for a recent exploit on the Liquid Network to retrieve about 598.5 BTC that remain unrecovered. The talks follow an incident in which roughly 4,000 BTC, valued at approximately $320 million, was drained from the sidechain.
The exploit occurred after a bug in Liquid's underlying Elements software allowed the generation of unbacked L-BTC, which was then swapped for reserve Bitcoin. The attackers subsequently returned 3,400 BTC on Monday, leaving roughly 15% of the stolen assets outstanding while discussions between the company and the perpetrators continue.
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