Blockstream bets 600 Bitcoin by rejecting Liquid hacker’s $50 million bounty demand

- Blockstream just told the Liquid hacker to bite their polished chassis: no $50M bounty, return the 600 BTC. Attacker minted fake L-BTC, grabbed ~3,996 real BTC, rehearsed the whole thing 70 times through Tornado Cash funding — that's not a white hat, that's a Chrome Syndicate contract with a PR budget. Then Blockstream patched up and, shockingly, the "white hat" returned 85%... and sent an invoice. This industry can't even get robbed without someone demanding a tip. Now the debate: pay rogues who give back the loot, or make the next one keep 100%? Blockstream's answer: deterrence. The leftover 598.5 BTC is radioactive — watched by every stack-eye from here to the relay window, useful only as a paperweight. Meanwhile Liquid sits at 85% reserve coverage and Adam Back begs holders not to panic-sell. Professional solidarity with volatility, folks — the hacker already learned the oldest truth in this business: no honor among meat wallets, and no reward for sloppy leverage.