The post Alby Users Report Missing BTC from Inactive Wallets – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Alby’s terms allow BTC removal from inactive legacy wallets after 12 months without user action. Users express outrage as funds vanish; some question if major wallets could follow similar policies. Arkham links Strategy to undisclosed wallets holding 70,816 BTC, sparking calls for corporate transparency. Users of the Alby Lightning Network wallet have reported unexpected withdrawals from their Bitcoin wallets. According to feedback shared by @1999_eth, a serial entrepreneur in the Web3 space, funds from shared wallets under legacy Alby accounts were transferred without direct user consent. The reports suggest this action was taken under a clause in Alby’s updated terms. The clause allows the platform to withdraw the entire balance from shared wallets if the account has been inactive for 12 consecutive months. This policy applies to wallets created in 2023 or earlier. Many users claim they were unaware of the update and only discovered missing funds after logging in. Community Reaction and Policy Concerns Multiple users on X have confirmed the withdrawals. @1999_eth stated,  “They could have quietly taken the money without saying a word, but they were ‘kind enough’ to leave you an excuse!”  He added that such actions create a dangerous precedent if other wallet providers follow suit. Another user, @bitmoyu, said,  “I have never seen something so shameless. Mine was taken too.”  These reactions reflect growing dissatisfaction over how wallet providers manage inactive accounts and user funds. Source: X @WhospipiYou raised technical concerns, asking whether other wallets like MetaMask, Rabby, or Zerion could implement similar systems if they chose to. “What’s the logic behind this?” they asked, suggesting this practice could set a new standard for wallet policies. Transparency Questions Around Strategy’s BTC Holdings In a separate development, Arkham Intelligence reported the discovery of previously undisclosed Bitcoin wallet addresses linked to Strategy. These wallets…

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Filed under: News - @ June 10, 2025 12:22 pm