{"id":16729,"date":"2019-08-31T00:00:00","date_gmt":"2019-08-31T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/lightning-network-reports-three-security-issues-which-could-cause-loss-of-funds\/"},"modified":"2019-08-31T00:00:00","modified_gmt":"2019-08-31T00:00:00","slug":"lightning-network-reports-three-security-issues-which-could-cause-loss-of-funds","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/lightning-network-reports-three-security-issues-which-could-cause-loss-of-funds\/","title":{"rendered":"Lightning Network\u00ad\u00ad Reports Three Security Issues which Could Cause Loss of Funds"},"content":{"rendered":"
Bitcoin\u2019s Lightning Network<\/a><\/strong> is facing some security issues and funds can be lost due to this issue, according to a report<\/a><\/strong> on Lightning Network\u2019s Common Vulnerabilities and Exposures [CVE] page by Rusty Russell, an Australian free software programmer, and advocate.<\/p>\n The report says:<\/p>\n \u201cSecurity issues have been found in various lightning projects which could cause loss of funds. Full details will be released in 4 weeks (2019-09-27), please upgrade well before then.\u201d<\/em><\/p>\n The comprehensive details about the security issue will be released after the fix of these issues or bugs.<\/p>\n According to Rusty Russell, Effected releases are:<\/p>\n A new version of Lightning Network V 0.7.2 was released on August 20, 2019. It is believed that this version does not contain any of these vulnerabilities. For now, every user on Lightning Network is advised to upgrade to version 0.7.2.<\/p>\n The method of disclosing such security threats is not unprecedented. In the past, the Privacy-focused altcoin Monero<\/a> <\/strong>disclosed nine security vulnerabilities, including one that could have allowed hackers to steal XMR from cryptocurrency exchanges.<\/p>\n No one is sure about what is going on the network and what is the reason behind the secrecy from the network. Some users believe that it is to ensure bad actors do not take advantage of the vulnerabilities. The general idea is to give the system enough time to fix these issues and bugs<\/p>\n\n