🚨 Swiss Bitcoin Pay has CONFIRMED a security breach. A malicious user gained access to its internal systems, with customer emails, Bitcoin addresses, IBANs, transaction history and hashed passwords potentially exposed. Swiss Bitcoin Pay has shut down its servers while investigating. It says user funds are safe and owed funds will be returned. But the bigger security question is the “non-custodial” claim. The company says incoming Lightning payments are temporarily batched into on-chain UTXOs, creating a period where funds are held on its infrastructure. I break down the breach, exposed data, Lightning architecture, custody implications and what affected users should do: 🔗 https://thecybersecguru.com/news/swiss-bitcoin-pay-breach/ #infosec #cybersecurity #databreach #bitcoin #cryptosecurity