Custodial Lightning Network Service Attack from LN Neuling discovered-Hacker beats 6 LN drivers-
Custodial Lightning Network Service Attack from LN Neuling discovered-Hacker beats 6 LN drivers-
On September 18, a Redditor posted in the R/Bitcoin Forum and explained how he discovered a way to the "attack" [The] custody services from Lightning Network. " The Reddit account called "Reckless Satoshi" wanted to find out whether a "discrepancy between real routing fees and the transaction fee of the service can be exploited profitably". The researcher announced that he wanted to see how big the damage could be and said: "It is bad".
6 Lightning Network Custodial Services attacked, researcher discloses offenders before disclosing knowledge
A redditor called reckless Satoshi published as Unposition Post on R/Bitcoin last Saturday and unveiled how he had a vulnerability for routing fees and some of the preserving services Lightning Network had found. The research attack was carried out in good faith and after he was completed, he passed on the mistakes to the insulting services before publishing his results. The ruthless Satoshi used the Lightning Network (LN) attack on six different services, including bitfinex , muun , okex , markets , südbörse , and Writingofsatoshi. .
The ruthless Satoshi said that the attack was "cheap but not free" and a "simple attack". After depositing funds in the custody services, Reckless Satoshi "uses a knot that forwards the payments between the custody service and the receiving node". "If a positive net return is possible, only the amount of the fee and the transaction speed must be optimized in order to see how big the damage could be," added Reckless Satoshi. "It is easy to see how this attack on every service must be feasible [A] Free withdrawal fee." also ruthless Satoshi published his attack to the code repository-site github. After explaining how he placed a knot in the middle, the researcher added: This is one of the simplest attacks. Actually the only LN attack that comes to mind, but I'm just a newcomer to the learning process. I assume that there are people who are much better able to carry out this research. Who knows, maybe there have been significant losses in the past that were not announced. The visitors who read the Reckless Satoshi forentee thread thanked him to do the research and passed on the errors to certain kept LN providers. "I am pleased to see that people not only chop/exploit the system for malicious purposes, or to make quick profits", a person Disclosure. In addition, a number of Redditors discuss the results of Reckless Satoshi argued about what you Should call the attack to . At the time of writing, the Total Value Locked (TVL) of Lightning Network has dropped by 9.3 % in the past 24 hours. Since July 20, 2021, the LN TVL has risen from $ 56 million on this day (2,600+.) By over 100 % over 100 % BTC ) $ 112 million TVL in Lightning Network. Much of the decline of the TVL of 9.3% at LN is due to the recent collapse of the crypto market on Monday morning, September 20, since the crypto economy has lost 9% in the last 24 hours. What do you think of the Lightning Network attack described by the Redditor Reckless Satoshi? Let us know your opinion on this topic in the comments below. Photo credits : Shutterstock, Pixabay, Wiki Commons, Defipulse.com 
The total value of Lightning Network is $ 112 million, an increase of over 100 % since the end of July
