Critical Vulnerability in the Lightning Network - What You Need to Know
23.10.2023
Critical Vulnerability in the Lightning Network - What You Need to Know

Hello, friends! Today we have an important topic: a critical vulnerability in the Lightning Network, which could jeopardize the security of transactions in the Bitcoin network.

Let's figure out what happened and what to do next.

Famous Bitcoin developer Antoine Riard discovered a serious problem in the Lightning Network, which allows attacking channel participants by exploiting discrepancies between mempools. This discovery forced him to stop working on the project and shift his focus to developing Bitcoin Core.

However, not everything is as bad as it seems. Antoine released an update in which he clarified that the vulnerability in the Lightning Network is not an intentional backdoor, and that this issue has been known since December 2022. The Lightning team has already taken security measures and implemented features that significantly complicate the possibility of carrying out an attack. However, a complete solution to the problem will require changes in the basic Bitcoin code, and therefore, time.

Experts emphasize that for carrying out an attack, a hacker would need a high level of knowledge and months of preparation. So despite the seriousness of the situation, the Lightning Network is still relatively safe, and developers are actively working on solving the problem. Stay updated, take care of yourself and your cryptocurrencies, and see you soon.

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