Huo Xing Finance reports, according to Bitcoin News monitoring, the white-hat hacker group behind the Liquid vulnerability exploit accuses Blockstream of spending only $1.5 million—or possibly nothing at all—to secure assets worth $5 billion. In a new on-chain message, the group demands that Blockstream pay a bounty equivalent to 10% of the affected assets using its own funds, warning that refusal to pay will result in holders suffering a 15% loss. The group also stated it will disclose the private key used to decrypt prior communications with Blockstream. Previously, the group returned 3,400 BTC to the Liquid Federation, with approximately 600 BTC still outstanding.
White Hat Group Demands a 10% Bounty for $500 Million in Assets from Blockstream
MarsBitShare
Summary
A white hat group has accused Blockstream of underpaying for securing $500 million in assets, demanding a 10% bug bounty from its own funds. The group warned that refusal could result in a 15% loss for holders and stated it will publish a private key if demands are ignored. Under CFT and MiCA frameworks, such incidents underscore the need for stronger compliance. The group previously returned 3,400 BTC to the Liquid Federation, with 600 BTC still outstanding.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.