Liquid Network Hackers' Public Posturing Masks a More Troubling Reality The recent hack of Blockstream's Liquid Network has taken an unexpected turn, as the perpetrators have shifted from negotiating in private to grandstanding in public.
The attackers claim to be "white hats" but are now demanding a 10% bounty from Blockstream's own funds, citing the company's supposed negligence and mismanagement.
The facts of the case are well documented: a software bug in Liquid's Elements node software allowed an attacker to mint unbacked L BTC, which was then cashed out through SideSwap for approximately $320 million.