Bitcoin
Why Bitcoin is down 1.7% today
Analysis
Bitcoin fell 1.7% over the past 24 hours as traders reacted to renewed security concerns around the Liquid network exploit, with reports that hackers still control nearly 600 BTC. Coverage from The Block and Cointelegraph highlighted Blockstream’s refusal to pay a ransom for the remaining funds, keeping the incident in focus and likely weighing on sentiment toward BTC in the near term.
Contributing Factors (3)
‘Return the bitcoin’: Blockstream refuses ransom demand for remaining 600 BTC from Liquid exploit
Liquid has resumed transactions following the exploit, though peg-outs remain disabled as recovery work continues.
Blockstream rejects ransom as Liquid hackers hold nearly 600 BTC
Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it.
Crypto hack: Blockstream rejects ransom as nearly 600 Bitcoin remains missing
Blockstream says it will pursue the remaining bitcoin through lawful channels as debate grows over whether the Liquid attackers were white-hat researchers.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.