Blockstream refuses to pay ransom for 4,000 BTC stolen from Liquid Network

Blockstream, the primary developer of Liquid Network, announced it will not pay a ransom for the return of 4,000 BTC stolen from the network. The company stated that unauthorized asset acquisition is theft, not a white-hat action. Blockstream plans to collaborate with law enforcement, exchanges, and forensic experts to track and recover the assets, noting that the transparency of Bitcoin transactions will prevent the evidence from disappearing. Liquid Network has suspended operations following the incident.