$BTC Alby Wallet Users Report Unexpected Bitcoin Withdrawals

AI Summary

According to BlockBeats, SlowMist founder Yu Jian reported on social media that he was among the victims of unexpected Bitcoin withdrawals from the Alby wallet. A total of 0.00174788 BTC, equivalent to $191.96, was transferred from his account. This occurred because the account was a custodial account, and Yu Jian was unaware of the platform's protocols. An email from Alby dated May 1, 2025, informed users about an update to the platform agreement, and the Bitcoin was transferred on May 26, 2025.

Previously, several community users had reported similar issues with their Bitcoin Lightning Network wallets on Alby, where balances were allegedly deducted by the platform. Alby's official documentation, updated in March 2025, stated that users had been informed for over a year to withdraw excess funds from old accounts created in 2023 or earlier using a shared wallet architecture. To manage these inactive accounts more effectively, Alby reserves the right to deduct the entire remaining balance from accounts that have had no transaction activity for 12 consecutive months.