UPDATE: Blockstream turns down Liquid hackers' 10% ransom bid; nearly 600 BTC still missing after $320M exploit

AI Market Summary

Blockstream's refusal to meet the Liquid hackers' 10% ransom demand, with nearly 600 BTC still outstanding from the reported $320M exploit, highlights ongoing counterparty and custody risk in crypto market infrastructure. The limited near-term recovery signal can weigh on risk appetite and increase scrutiny of exchange-linked assets, while any movements of the unrecovered BTC could raise sensitivity around on-chain flows.

Impact level

● Medium

Affected assets

BTC/USDT+0.53%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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UPDATE: Blockstream has rejected a ransom demand from the hackers behind the Liquid incident, who sought 10% of the stolen funds. Nearly 600 BTC remains outstanding following the $320 million exploit.

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