Blockstream's Adam Back: Business as Usual After $320M Liquid Hack

Adam Back, co-founder and CEO of Blockstream, joins Scarlet Fu and James Seyffart on "Bloomberg Crypto" to discuss the aftermath of a major security breach. The Liquid Network, a Bitcoin-linked blockchain started by Blockstream in 2018, was hit by a $320 million hack that drained about 4,000 Bitcoin. The hackers, who claimed to be so-called white hats exposing security flaws in the network, later returned some of the Bitcoin. In this conversation, Back addresses the incident and explains why the company views operations as continuing as usual. The segment gives viewers a firsthand account from one of the network's founders on how the hack unfolded, how much was taken, and what the partial return of funds means for the platform and its users.