"Researchers Find Bitcoin’s Lightning Network Susceptible to Cyberattacks"

Bitcoin is a cryptocurrency that is not centrally managed or facilitated by banks or other financial institutions. According to researchers at Florida International University, the Lightning Network originally designed to increase the speed and efficiency at which Bitcoin is transferred globally can be used to control botnets. The researchers built a proof-of-concept, called LNBot, to demonstrate how botnet attacks such as denial-of-service (DoS) attacks, identity theft, and spam distribution, can be carried out on this Bitcoin Technology. This article continues to discuss the increased interest in Bitcoin, the purpose of the Bitcoin Lightning Network, the potential use of this technology by botmasters to perform malicious cyber activities, and possible countermeasures that may help detect such activities. 

FIU Magazine reports "Researchers Find Bitcoin’s Lightning Network Susceptible to Cyberattacks"