LNbits Urges Users to Upgrade Following Bitcoin Wallet Hacks

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LNbits has released a network upgrade to address recent Bitcoin-related news concerning wallet hacks on its Lightning Network platform. Version 1.7.0 follows a series of attacks that resulted in fund thefts. The vulnerability affected all previous versions, and the update alone will not secure accounts already compromised. Users are urged to reset their keys, change credentials, and relocate servers if necessary. Founder Ben Arc said the team is working to resolve the issue after users suffered losses. Some victims reported that attackers created new accounts and stole approximately 0.023 BTC.

ChainCatcher report, according to Cointelegraph, LNbits, a Bitcoin Lightning Network wallet platform, recently released version 1.7.0 following an attack that resulted in fund theft, urging users to update immediately. LNbits warned that the vulnerability affects all earlier versions and that upgrading alone cannot protect users whose credentials have already been compromised; users are advised to reset wallet keys, replace related credentials, and migrate servers if compromise is suspected. LNbits founder Ben Arc stated that the team is working to respond after users and the team suffered losses. Some users reported that attackers exploited their LNbits instances to create new accounts and stole approximately 0.023 BTC.

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