Alby Wallet Faces Backlash Over Bitcoin Inactivity Fees

Alby Wallet Faces Backlash Over Bitcoin Inactivity Fees
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Alby, a Bitcoin Lightning Network wallet, is under fire after users reported unexpected withdrawals labeled as ‘inactivity fees.’ The lack of transparency has sparked outrage in the crypto community, with some calling it a ‘stealing agreement.’

  • Alby deducted Bitcoin from inactive accounts without explicit user consent, citing updated Terms of Service.
  • Some users lost significant amounts, with one reporting over $5,400 withdrawn as an 'inactivity fee.'
  • Critics warn the practice sets a dangerous precedent for custodial access to user funds in crypto wallets.
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