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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.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-07 14:29Important

In the past hour, nearly $6 million in SPCX contract liquidations occurred across the entire network, exceeding the figures for BTC and ETH during the same period.

According to Mars Finance, on July 7th, Coinglass data showed that nearly $6 million in SPCX futures contracts were liquidated across the entire network in the past hour, including $4.24 million in SPCX trading pairs and $1.6 million in XYZ:SPCX trading pairs. It's worth noting that while US tech stocks experienced a "Black Tuesday," the Bitcoin and crypto markets remained relatively stable, with only $4.86 million in BTC liquidations and $4.35 million in ETH liquidations during the same period.

09-07 19:13

Liquid Hackers Return $270M in Bitcoin After Swiping $320 Million

Nearly 600 BTC remains outstanding after Blockstream told the actors in an on-chain message that Liquid’s bridge nodes had been patched.

09-11 14:17

Blockstream Refuses Ransom for Return of $47M in Bitcoin from Liquid Hack: 'It Is Theft'

With 598.5 BTC still outstanding, the company says it will go to law enforcement should the funds not be returned.

09-07 16:42

Capital B adds 376 Bitcoin in $29M purchase, boosting holdings to 3,521 BTC

Capital B’s latest Bitcoin purchase was its largest in nearly a year, pushing the French company ahead of H100 Group among publicly traded BTC holders.

07-08 03:17Important

A whale opened a $31.08 million short position in BTC with 40x leverage on Hyperliquid.

According to Foresight News , Onchain Lens monitoring revealed that a whale address starting with 0x77ee opened a 40x short short position in BTC on Hyperliquid, totaling $31.08 million. This position comprises 493 BTC (worth $31.08 million), with an entry price of $63,240.9 and a liquidation price of $73,962.2, resulting in unrealized profit of $112,400 (ROE of 14.47%). This wallet currently holds 92% of its positions in short across 15 accounts, with a total exposure of $79.79 million.

07-06 12:28Important

Data: A whale deposited 4 million USDC into Hyperliquid and opened a long position of 500 BTC.

According to Mars Finance, on-chain analyst Yu Jin monitored that before the US stock market opened, a whale transferred 4 million USDC to Hyperliquid to open a long position of 500 BTC at an average price of $62,911, with a position size of approximately $31.48 million and a leverage ratio of approximately 8x, indicating a high risk of liquidation. This address also holds 12,027 ETH in the spot market, purchased in March at an average price of $2,068, currently showing a floating loss of approximately $3.6 million.