Search
Close this search box.

Lightning Labs CTO Olaoluwa Osuntokun Downplays Security Issue

SHARE

Lightning Labs CTO Olaoluwa Osuntokun Downplays Security Issue

SHARE

Table of Contents

  • Co-founder of Satoshi Labs, Pavol Rusnak, has highlighted the vulnerability in LND
  • He called for an update immediately to prevent Lightning Nodes from funds draining
  • Technical Director of Lightning Labs, Olaoluwa Osuntokun, made the comment
  • He says the problem is not related to LND but to the user’s machine

Satoshi Labs co-founder Pavol Rusnak has highlighted a vulnerability found in the Lightning Network Daemon (LND), while Lightning Labs CTO Olaoluwa Osuntokun has commented that the bug doesn’t seem to be related to LND, but is caused by a user’s machine being compromised.

More About the Vulnerability and Lightning Labs CTO Olaoluwa Osuntokun’s Response

Satoshi Labs co-founder Pavol Rusnak highlighted a discovered vulnerability that made it possible to drain funds from Lightning Nodes. He strongly urged those using Lightning Network Daemon (LND) versions lower than 0.18.5 and/or Lightning Terminal older than 0.14.1 to update.

However, Lightning Labs CTO Olaoluwa Osuntokun hastened to calm the panic and provide some specificity to the situation, pointing out that the problem is more likely a compromise of the user’s machine than a system error in the LND software.

Conclusion

Bitcoin remains the central cryptocurrency for many reasons, and there aren’t many decent and established Bitcoin L2 scaling solutions. Lightning Network is a key one of them, so its security is a priority not only for themselves but for the entire blockchain industry.

That said, an important reminder here is that it’s always worth updating client solutions because that’s where developers put a lot of effort into security, among other things. Be aware and stay tuned for updates on the rapidly evolving crypto landscape.

The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

Join our Legends Community Today!
Gain access to exclusive insights, trading setups 
and daily market reports.

SHARE

Picture of Alexandros

Alexandros

My name is Alexandros, and I am a staunch advocate of Web3 principles and technologies. I'm happy to contribute to educating people about what's happening in the crypto industry, especially the developments in blockchain technology that make it all possible, and how it affects global politics and regulation.

Related Post

Buy / Sell Bitcoin

Rating: 90%

Conveniently buy/sell Bitcoin with EUR

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platform

bybit-logo

Rating: 98%

Claim up to $30,050 in Bonus

100x Leverage

Rating: 90%

Get  20,000USDT in Bonus + Exclusive 50% off the Fees

Rating: 80%

Get  20% Deposit Bonus

Follow Us