Lightning Network Software Coder Warns Users About Vulnerabilities Found on BTC’s LN

Rusty Russell, an Australian programmer that is focused on the Bitcoin Lightning Network, has recently affirmed that the community should know that some issues have been found in the code of the LN.

According to him, several Lightning projects could be the victim of major problems if they did not update their code. He affirmed that he found several issues in versions prior to the 0.7.1 one. The issue was started in version 0.3 and continued until it was patched out in the 0.7.1 version.

The 0.7.2 version of the LN has just been launched by Blockstream recently, but this does not mean that everybody has already updated, so problems could appear.

Despite the warning that the code could have been compromised and that bugs would possibly be found within the network, Russell did not explain specifically which problems could happen and what exactly was the exploit that he found.

He only affirmed that all the details about the issue would come in 4 weeks and that everybody should upgrade before then. It was a smart actually a quite common decision. Revealing the details could expose the network to hackers and bad actors, so it is best to wait until everybody has upgraded their systems before revealing the possible issues to the world.

The LN, in case you are not aware of this, is a second layer solution that was created last year to turn the Bitcoin network into a much more effective payment method. The idea was to offer payments that could be cheap and fast.

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