This is a wake-up call for LNbits users. If you haven't updated, do it now.
LNbits Releases Security Update After Fund Drain Attacks
LNbits, the open-source Lightning Network wallet, released an urgent security update, version 1.7.0, on November 10. This update comes after a series of attacks that began on November 8, during which unauthorized account creation and fund withdrawals were reported. Users were instructed to halt their LNbits servers immediately to prevent further losses.
The attacks reportedly drained approximately 2,285,545 satoshis (about 0.0229 BTC) from a service that operates on LNbits. The project has emphasized that all operators must upgrade before restarting their servers, as earlier versions are vulnerable to exploitation. The new version includes essential security fixes and enhancements across various operational areas.
For those who suspect their servers may have been compromised, LNbits advises setting up a fresh server and rotating all user wallet keys. Additionally, they recommend reviewing connections for any extensions and replacing funding-source credentials to ensure security.
This incident shows the importance of maintaining up-to-date software in the crypto space. As LNbits functions as a hot wallet, operators should only keep necessary balances online and regularly monitor activities to protect their funds.
#Security #LightningNetwork #CryptoNews
LNbits Releases Security Update After Fund Drain Attacks
LNbits, the open-source Lightning Network wallet, released an urgent security update, version 1.7.0, on November 10. This update comes after a series of attacks that began on November 8, during which unauthorized account creation and fund withdrawals were reported. Users were instructed to halt their LNbits servers immediately to prevent further losses.
The attacks reportedly drained approximately 2,285,545 satoshis (about 0.0229 BTC) from a service that operates on LNbits. The project has emphasized that all operators must upgrade before restarting their servers, as earlier versions are vulnerable to exploitation. The new version includes essential security fixes and enhancements across various operational areas.
For those who suspect their servers may have been compromised, LNbits advises setting up a fresh server and rotating all user wallet keys. Additionally, they recommend reviewing connections for any extensions and replacing funding-source credentials to ensure security.
This incident shows the importance of maintaining up-to-date software in the crypto space. As LNbits functions as a hot wallet, operators should only keep necessary balances online and regularly monitor activities to protect their funds.
#Security #LightningNetwork #CryptoNews
