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Bitcoin Lightning Network developers confirm exploitation of vulnerabilities on the network

Previously in August, an Australian coder for Bitcoin’s Lightning Network, Rusty Russell, had warned users about security issues in Lightning projects, issues that might lead to a loss of funds. He had then urged the network’s node operators to update their software. In a recent update, developers of the Bitcoin Lightning network confirmed that the aforementioned vulnerabilities had been exploited. Lightning Network development firm, ACINQ, revealed the news to the community via Twitter. The tweet read, “We’ve confirmed instances of the vulnerability being exploited in the wild. Please upgrade immediately to avoid risk of funds loss.” Olaoluwa Osuntokun, CTO of Lightning Labs, also used Twitter to notify the community about the Lightning Network being affected...