A recent security issue in the Lightning Network has raised concerns, but Lightning Labs’ Chief Technology Officer (CTO) Olaoluwa Osuntokun has suggested the problem is not with the software itself.
Instead, according to Osuntokum’s post on X, he pointed to a compromised user device as the likely cause.
The Lightning Network, a layer-2 solution designed to make Bitcoin
$97,331.90
transactions faster and cheaper, currently holds about 5,145 BTC, valued at approximately $500 million.
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In a February 19 post on X, Satoshi Labs co-founder Pavol Rusnak issued a warning about vulnerabilities in older versions of Lightning Network Daemon (LND) and Lightning Terminal.
He urged users to update immediately, stating that attackers exploited flaws patched in newer releases. His message specifically mentioned LND versions older than 0.18.5 and Lightning Terminal versions before 0.14.1.
Osuntokun responded, stating that the issue did not appear to be a direct flaw in LND. He explained that the affected user’s machine had been compromised, which may have allowed attackers to gain access to their funds.
This warning comes after another security issue was flagged on GitHub on February 13. A report highlighted a weakness in the ECDSA (Elliptic Curve Digital Signature Algorithm) used for Bitcoin transactions. The concern was that a flaw in the elliptic library, a JavaScript package used in cryptography, could expose private keys if numbers used once or “nonces” were reused.
Meanwhile, Microsoft recently issued a warning about an updated XCSSET malware. What kind of damage could it cause? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
