In a post on X, the Montreal-founded bitcoin company said hackers who stole US$320 million worth of funds from a reserve connected to a blockchain network they built have a chance to return the US$47 million they still hold. If they don’t, Blockstream said it “will pursue every lawful avenue available to us.” (The Logic)

Talking point: AI has made hacking easier than ever, and crypto protocols have proven to be lucrative targets. Not even Bitcoin, with a community that highly values security, privacy and self sufficiency, is safe. In August, a hack drained more than US$100 million from Coldcard wallets made by Toronto company Coinkite, despite their supposedly gold-standard security. The hackers who exploited Blockstream’s Liquid Network, a settlement protocol for tokenized capital markets built on top of Bitcoin, described themselves as “white hats,” or motivated by improving security, not theft. Blockstream disputes that, saying their refusal to give the bitcoin back “is a crime, not responsible disclosure.”

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