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Here’s what happened in crypto today
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- DeepHorus
Bitcoin Suisse plans to shift up to half of its Swiss jobs abroad. Blockstream has rejected a ransom demand from Liquid Network hackers. A revised CLARITY Act would impose new compliance duties on controllers of non-decentralized DeFi protocols. These stories defined crypto news on Sept. 11, 2026.
The Swiss firm, founded in Zug in 2013, intends to move up to 60 of its 120 Swiss positions, mainly back-office and administrative roles, to lower-cost hubs in Bratislava and Vietnam. CEO Andrej Majcen told Finews that operating these services abroad would be significantly less expensive. He said the restructuring is part of an international expansion strategy, not a response to weak crypto market conditions.
Blockstream said it will not pay a ransom to recover funds still held by the Liquid Network hackers. "Taking assets without authorization and withholding their return is a crime, not responsible disclosure," the company said Friday. "It is not white-hat activity. It is theft." The hackers had demanded a 10% bounty from Blockstream's own funds, warning Liquid holders would otherwise face a 15% loss.
On Sept. 6, Liquid paused operations after self-described white-hat hackers withdrew about 4,000 Bitcoin, then worth approximately $320 million, from its federation wallet. After Blockstream patched affected bridge nodes, the actors returned 3,400 BTC, leaving about 598 BTC outstanding. Blockstream now plans to work with law enforcement, exchanges and forensic specialists to trace the assets.
Senator Cynthia Lummis posted a revised CLARITY Act. It would direct US regulators to determine whether people controlling "non-decentralized finance trading protocols" must comply with securities, commodities and anti-money laundering requirements. The text defines such a protocol as one whose functionality, operation, or rules can be materially altered by a person or coordinated group.
These events highlight tensions in crypto around cost efficiency, security and regulation. Bitcoin Suisse's move reflects a trend of seeking cheaper jurisdictions, while Blockstream's stance shows the difficulty of recovering stolen funds without rewarding bad actors. Looking ahead, the CLARITY Act could reshape DeFi oversight if passed.
