Discussion of a bug in LND's on-chain handling that can be exploited to steal funds

Custodial Bitcoin Lightning Network wallet Alby has started confiscating user funds, labeled as an "inactivity fee"! 😵‍💫

Allegedly, terms of service were recently updated to allow the company to seize customer funds on custodial accounts that haven't had…

all day every day https://image.nostr.build/18281434224fcf325d1dfe746050143cdc158831788e2ee94fe841ba09519a8d.jpg nostr:nevent1qqs8q0qnj5lyps23ngrnj64ywk7h77gn95rh8v7cv06ym8up57u3m6spr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsdxpfv50

Regretfully, just several hours ago an attacker took advantage of some still unknown exploit in the LSP liquidity leasing flow in publsp and liquiditystr. The tldr is that the attacker managed to get some LSPs, including myself, to lease li

A post mortem on this exploit if you're curious. The attacker paid a hold invoice as expected, but force-closed the channel immediately on first confirmation of the funding transaction, which is very much not expected. That basically broke

I have $1,454.96 locked up since Friday (rugged?) by Megalith LSP. These are payments people made through Shakespeare (about 90% of which is AI expenses) https://media.ditto.pub/739fe4dcb3d7d2af851b4340cabed0f05a1f57c6d7e84f70dad4dbe2b8beb

💢LIGHTNING CLOSED ALL OUR CHANNELS. I have no idea why. What a fucking mess this retarded tech is

We'll reopen the channels when our BTC is released from the force-close-limbo

Wen Lightning? ⚡️

Bitcoiners asked for it.

We built it.

Only very few used it.

The consequence?

We sunset it! ❌

No regrets.

It was a great learning.

Now let's build something people actually use! 🚀

Discussion of a bug in Eclair's preimage handling that can be exploited to steal funds

📌 Learn more about this session on GitHub: ⭐️🐙
https://github.com/TABConf/7.tabconf.com/issues/95

⚛️🟠 A dynamic one hour session on how quantum computing could impact Bitcoin’s security and future 🔐🧠

🎤 Paul Sztorc (Truthcoin) kicks things off with a brief…

The Stroom Network presents an interesting proposition: staking your bitcoin on the Lightning network, and earning yield from the transaction fees that routing nodes are collecting. To better explain how this system works, Slava and Ros join the show!

Time…

If you guys hate Lightning, this interview is kind of a masterclass in exposing how much of a ghost town it is.

1. These guys have 20 million dollars in liquidity, but only routed 65k transactions (so they make $7k/month at best). Their business model is…

Lightning Network support in Exodus has ended.

@FastOhSoFast Stop lying, please, Phil. Since 2018 I'm using #Bitcoin with the Lightning Network protocol. I literally never opened nor closed a LN channel during one of my 500-1,000 LN transactions over the years.

1 satoshi or 0 satoshi is what is charged…

@thekaspaonion @gladstein I used lightning exclusively over the summer and it was a mixed experience. Got 1 channel closed on me. Bunch of failed payments.

@w_s_bitcoin 1, but it got cut because of the breakout in Spain. And when I came back to where I have the node 2 weeks after they had closed my ln channel. And I don't want to pay 20€ to reopen it if it can go off any moment

i've ran a lightning node for 5 years and i've never had an issue or major problem. i think lightning is easy.

i also have on-boarded thousands of users that are not technical like me. i've on-boarded people in various locations around the world.

my uses…