According to BlockBeats, SlowMist founder Yu Jian reported on social media that he is 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 one, and Yu Jian was unaware of the platform's protocol. An email from Alby dated May 1, 2025, notified users of an update to the platform's 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 notified for over a year to withdraw excess funds from older accounts created in 2023 or earlier using a shared wallet architecture. To manage these long-inactive accounts more effectively, Alby reserved the right to deduct the entire remaining balance from accounts with no transaction activity for 12 consecutive months.
