Post
Topic
Board Development & Technical Discussion
Re: Can you transfer large amounts of BTC using Lightning Network
by
crwth
on 17/01/2023, 14:10:24 UTC
I remember reading someone's post about using the lightning network, and he lost 4 BTC IIRC due to some transaction, and he lost everything. Not sure if he had recovered it but I know it's going to be a challenge.



The company that is claiming they are going to send the bitcoin is stating that I need to transfer 0.598647 BTC in order to receive 12.4 BTC.  They are using Lightning Network.  This is what they have stated:

"Required Minimum Hash Power on Reflection ID: 0.598647 BTC"

They say once I pay the 0.598647 BTC I will receive the 12.4 BTC and that the 0.598647 BTC will be refunded.  I have no idea what they mean by "Hash Power on Reflection ID" and why the fee is so large.
It's obvious that it's a scam tactic. Be careful on things that you are going to spend time on. Sometimes they even want you to register in a bogus site and make it seem that you have the money but in reality, they are just waiting for you to deposit and poof, your money is bye-bye.