Several community users have reported that the balance in their Bitcoin wallet Alby is suspected to have been deducted by the platform. The terms of service support clearing old versions of wallets created before 2023 that have been inactive for a long time

Blockbeats
10 Jun

BlockBeats News, June 10th - Several community users reported that their Bitcoin Lightning Network wallet balances in Alby appeared to have been deducted by the platform. The Alby official documentation, updated in the March 2025 terms of service, stipulates: "Users who have been notified for over a year to withdraw excess funds from their old Alby accounts created in 2023 or earlier using a shared wallet architecture. In order to effectively manage these long-term inactive accounts, the right to deduct the entire remaining balance from the account is reserved after 12 consecutive months of no transaction activity (i.e., no completed transactions)."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10