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Revision history · Company

Blockstream

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1 revision · first seen 2026-09-21 · last edited 2026-09-21 · 0 by Henry 1 by a human

  1. editor 2026-09-21 Feature BIG BITCOIN on the music page (#29) 4f6f952
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+---
+title: Blockstream
+type: company
+status: confirmed
+sources:
+  - raw/episodes/timmy-tether-guest-hosts-bugle-weekly/bundle.json
+---
+
+Blockstream maintains the Liquid sidechain in [[episodes/timmy-tether-guest-hosts-bugle-weekly|Timmy Tether Guest Hosts Bugle Weekly]]. [[characters/timmy-tether|Timmy Tether]] reports that AI-assisted hackers exploited [[companies/sideswap|SideSwap]]’s peg-out service to withdraw 4,000 bitcoin, then negotiated with Blockstream through OP_RETURN while the company patched the bug.[^hack][^negotiation]
+
+Timmy says the hackers returned most of the funds but retained 598.5 bitcoin as a bounty. Blockstream refused a ransom, pursued legal and chain-analysis remedies, and disputed both the hackers’ white-hat label and [[orgs/red-team|Red Team]]’s disclosure conduct.[^bounty][^response]
+
+Liquid later resumed blocks, but peg-outs and dependent wallets remained unavailable at airtime.[^recovery] These are the episode’s reports, not independently verified incident findings.
+
+**Appears in:** [[episodes/timmy-tether-guest-hosts-bugle-weekly|Timmy Tether Guest Hosts Bugle Weekly]].
+
+[^hack]: [[transcripts/timmy-tether-guest-hosts-bugle-weekly#t-30|Timmy Tether Guest Hosts Bugle Weekly @ 0:30]].
+[^negotiation]: [[transcripts/timmy-tether-guest-hosts-bugle-weekly#t-39|Timmy Tether Guest Hosts Bugle Weekly @ 0:39]].
+[^bounty]: [[transcripts/timmy-tether-guest-hosts-bugle-weekly#t-61|Timmy Tether Guest Hosts Bugle Weekly @ 1:01]].
+[^response]: [[transcripts/timmy-tether-guest-hosts-bugle-weekly#t-90|Timmy Tether Guest Hosts Bugle Weekly @ 1:30]]. The Red Team dispute begins at [[transcripts/timmy-tether-guest-hosts-bugle-weekly#t-113|1:53]].
+[^recovery]: [[transcripts/timmy-tether-guest-hosts-bugle-weekly#t-135|Timmy Tether Guest Hosts Bugle Weekly @ 2:15]].