$ETH Users of the Alby Wallet Report Unexpected Bitcoin Withdrawals

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According to BlockBeats, the founder of SlowMist, Yu Jian, reported on social media that he is one of 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 custodial, and Yu Jian was unaware of the platform's protocol. An email from Alby dated May 1, 2025, notified users about an update to the platform's agreement, and the Bitcoin was transferred on May 26, 2025.

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