Learning From The LND Bug That Could Have Robbed The Lighting Network
A bug resulting in the stalling of LND and btcd nodes had minimal impact — but it could have been much worse.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. On October 9, 2022, Burak from Bitmatrix (a swap tool built on the Liquid Network) created and broadcast a transaction to the main Bitcoin network, spending a UTXO with a Tapscript multisig with a 998-of-999 threshold. This transaction had 998 individual signatures in the witness field, and was almost 0.1 MB in size, and kind of hilariously, reused the exact....
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The trader exchanged 15 bitcoin for HK$3 million before being robbed of both.
“This is a big setback For us,” Jason King says in a Facebook post notifying followers of a robbery committed against the Unsung.org “Hacker House.” Hacker House Robbed. The hacker house of Unsung.org, an application which seeks to deliver unwanted food from local caterers and restaurants to the homeless, powered by bitcoin, was robbed today. The....
Lightning transaction app Strike has announced cash back rewards for users, granting them returns on purchases thanks to Lightning Network efficiency. The post Strike Announces Cash Back, Letting Merchants Pass On Lighting Network’s No-Fee Benefits appeared first on Bitcoin Magazine.
People are robbed all the time for all kinds of things. Their expensive watches, cell phones, wallets, you name it. It's only now and then that people are robbed of their bitcoins, and usually this happens through hacking or some other digital means. Not so in the case of a young man who, for whatever reason, decided to sell $1,100 worth (roughly four and change at current rates) via Craigslist. According to CNBC, an unidentified man showed up to the designated meeting place in Crown Heights, Brooklyn, and soon found himself at the wrong end of two pistols. It was a classic Craigslist....
Recently a student from the University of Kent in London was robbed at knifepoint for his bitcoin. After eight thugs stormed his dorm room and demanded that he reveal his crypto credentials and passwords, the student was forced to leave the campus and he moved back home. Freshmen College Student Loses Bitcoin in an On-Campus Mugging A recent report shows that a college student who started the year as a freshman was robbed at the University of Kent, a school located in the historic city of Canterbury. The student’s mother details that five days before starting his course, her son....