Bitcoin’s Lightning Network vulnerabilities spotted in the wild

Original Post from SC Magazine
Author: Doug Olenick

Several vulnerabilities in the Bitcoin Lightning Network that were revealed in late August are now active in the wild and could result in funds being lost from accounts.

Olaoluwa Osuntokun, CTO at Lightning Labs, posted on the
Linux Foundation website
that Bitcoin Lightning Network users who have not updated their systems to the
latest patched versions are at risk. The releases affected are:

  • CVE-2019-12998 c anything 0.7 and below is
    vulnerable
  • CVE-2019-12999 lnd v0.7.1 — anything 0.7 and
    below is vulnerable
  • CVE-2019-13000 anything 0.3 and below is
    vulnerable

“We’d also like to remind the community that we still have
limits in place on the network to mitigate widespread funds loss, and please
keep that in mind when putting funds onto the network at this early stage,” Osuntokun
said.

The Lightning Network is a “Layer 2” payment
protocol that operates on top of a blockchain-based cryptocurrency such as Bitcoin.
It is designed to enables fast transactions between participating nodes.

The post Bitcoin’s Lightning Network vulnerabilities spotted in the wild appeared first on SC Media.


Go to Source
Author: Doug Olenick

Leave a Reply

Your email address will not be published. Required fields are marked *

WordPress Appliance - Powered by TurnKey Linux