Blockstream Declines 10% Bounty for White Hat Hackers Amid Missing Bitcoin Incident

Blockstream, a well-known blockchain technology firm, has reportedly declined to offer a 10% reward commonly expected by white hat hackers following a security incident involving the Liquid network. According to source reports, this type of bounty is typically used as an incentive for ethical hackers to recover or secure digital assets after a breach.

The current situation concerns 598 Bitcoin that are still missing from the Liquid network. No additional details about the nature of the incident or ongoing recovery efforts have been officially shared by Blockstream at this time. The absence of a white hat bounty may influence how future incidents of this type are handled and could impact the willingness of independent security experts to assist with similar recovery efforts.

The incident highlights ongoing debates within the blockchain and cryptocurrency communities about best practices for security breach responses and the role of ethical hackers in asset recovery. Stakeholders continue to monitor the situation for further updates from Blockstream and the broader security community.