Blockstream has refused to pay a ransom for the return of Bitcoin taken in the Liquid hack, according to Decrypt. The company said 598.5 BTC, valued at about $47 million, remains outstanding. Blockstream characterized the funds as stolen property rather than assets subject to negotiation. It also warned that the matter will be referred to law enforcement if the Bitcoin is not returned. The development places the focus on the unresolved recovery of the missing cryptocurrency and the company’s decision not to engage with a ransom demand. Bitcoin remains the primary market asset connected with the report.
Source
Decrypt
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