Bitwise’s Matt Hougan predicts $500,000 as bitcoin’s maturity threshold, with $1 million “absolutely” possible as BTC rises to compete with gold. Bitwise’s $500K Target for Bitcoin — Why $1M ‘Absolutely’ Could Follow Matt Hougan, chief investment officer at Bitwise Asset Management, shared his perspective on bitcoin‘s trajectory in a blog post on Tuesday, arguing that […]
Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians
On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
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