BTCPay Urges Users to Shut Down Servers as Wallets Reportedly Drained
BTCPay, an open-source bitcoin payment processor, has advised users to switch off their servers following reports of drained wallets. The project says it is still investigating and has not disclosed a loss figure or released a fix; its founder said the reported incidents appear to involve versions older than 2.4.2.
BTCPay, an open-source bitcoin payment processing tool, has told users to switch off their servers after reports emerged of wallets being drained, according to CoinDesk. The project said it is still investigating the incidents and has not yet provided a loss figure or announced a fix.
The project's founder said the reports appear to involve versions of the software older than 2.4.2, suggesting more recent releases may not be affected, though this has not been confirmed. BTCPay has not disclosed how many users or wallets may be impacted, and no official root-cause analysis has been published.
The advisory places merchants and self-hosted node operators who rely on BTCPay for accepting bitcoin payments on heightened alert. Users are advised to follow the project's guidance to disable servers until further notice, while the investigation continues and a patch is developed; the incident also underscores the security risks facing self-custodial payment infrastructure.
Jaison M K is the Founder and Senior Tech Analyst at Incisor News. With an extensive background in digital media architecture, cloud computing, and semiconductor supply chains, he oversees editorial standards and directs technical reporting on sovereign silicon, artificial intelligence infrastructure, and the digital economy. Direct inquiries: jaison@incisornews.tech
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