Liquid Hackers Call Blockstream ‘Delusional, Greedy, and Arrogant,’ Demand 10% Bounty

The dispute between Blockstream and the party claiming to be a white-hat hacker has taken a sharper turn, according to Samson Mow’s latest update.

The hacker has accused Blockstream of serious security failures, while claiming that the company allocated only $1.5 million, or possibly nothing, to secure $5 billion in assets.

Fresh Clash With Blockstream

Calling this a “flagrant neglect of security,” the hackers demanded that Blockstream pay a 10% bug bounty from its own funds and warned that failure to do so could result in a 15% loss for Liquid users.

The message also accused Blockstream of being “delusional, greedy, and arrogant” over its handling of security. The hackers further said they planned to publish the private key needed to decrypt their conversations afterward.

Meanwhile, Liquid has kept the sidechain paused as Blockstream and Federation members work on further security fixes, address a chain split, and prepare for a coordinated restart. Users have also been told not to send Bitcoin to Liquid peg-in addresses until the network is back online.

… Continue reading the full article at the original source below.