CryptoBitcoinCritical bug in Bitcoin's Lightning network patched

Critical bug in Bitcoin’s Lightning network patched

In a critical move to secure Bitcoin‘s Lightning Network, developers have patched a severe bug that was discovered in December 2022. The flaw, which could have allowed an attacker to exploit Hash Time-Locked Contract (HTLC) transactions, had the potential to halt users from withdrawing bitcoin by outbidding their channel closing requests.

The bug was revealed post-patching by developer Antoine Riard, who emphasized the importance of future code maintenance to prevent similar transaction-relay jamming attacks. This issue is among a series of bugs that have affected the Lightning Network, with previous problems including unattributed payment routing and BTCD library bugs.

The Lightning Network forms a global mesh network of over 68,000 channels through users committing Bitcoin to payment channels. Legacy and anchor output channels and Lightning routing hops carrying HTLC traffic were also at risk from this bug.

Other Bitcoin protocols like Discreet Log Contracts (DLCs), conjoins, and payjoins were vulnerable too. Notably, transaction “accelerators” peer swaps, and submarine swaps were affected by this vulnerability.

To address these issues, patches have been implemented in software updates including LDK: v0.0.118 – CVE-2023 -40231, Eclair: v0.9.0 – CVE-2023-40232, LND: v.0.17.0-beta – CVE-2023-40233, and Core-Lightning: v.23.08.01 – CVE-2023-40234.

This incident underscores the ongoing challenges faced by the Bitcoin community in maintaining the security and integrity of its protocols and networks. As the Lightning Network continues to grow, rigorous code maintenance and regular software updates will be crucial in preventing similar vulnerabilities from compromising the system in the future.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

Tesla’s Bitcoin Stash Reclaims $1 Billion Milestone Amid Bull Market Rally

Tesla, the electric vehicle manufacturer led by Elon Musk,...

Dormant Bitcoin Address Reactivated After 11 Years

A long-dormant Bitcoin address has been reactivated after 11...

CZ Takes Aim at Bitcoin Skeptics as BTC Hits New All-Time High

Changpeng Zhao, widely known as CZ, co-founder and former...

XRP Hesitates at Key Level, While Bitcoin and Dogecoin Surge in Bullish Momentum

As Bitcoin continues its relentless rally toward $100,000, XRP...

Cardano Faces Sharp Decline Amid Broader Crypto Market Losses

Cardano (ADA) experienced a significant drop on Wednesday, falling...

Bitcoin and Dogecoin Retreat Amid Cooling Trump Rally and Awaited Inflation Data

Bitcoin retreated from its record highs on Wednesday, as...