Liquid Redemptions Frozen Five Weeks After Hack; Blockstream Refuses the Attacker’s Bounty

Liquid, a Blockstream-managed network backed one-for-one by deposited bitcoin, still has redemptions frozen five weeks after a September exploit drained its reserve. White hats returned most of the roughly 4,000 BTC taken; about 600 BTC remain missing, leaving backing near 86%. Coverage reports Blockstream refused the attacker’s demand for a 10% bounty; Liquid says redemptions resume only when backing is full and security reviews are complete.