Bitcoin’s Lightning Network Faces Existential Risk in “Flood and Loot” Attack  

Two Bitcoin researchers from the Hebrew University in Israel tested a known attack vector on the Lightning Network.
What they found poses grave risks to the future of the layer 2 solution.

Key Takeaways:
- Only nodes that accept the attacker’s requests to open a new payment channel are vulnerable.
- Prior to the publication of their research paper, 95% of LN nodes were willing to open channels with unknown nodes.
- The research paper was shared with the main developers of three LN implementations before it was publicly available.

Read More: https://cryptobriefing.com/bitcoins-lightning-network-faces-existential-risk-flood-loot-attack/