Albe, a Bitcoin wallet (BTC), faces controversy after reports that guarantee funds will be removed without users agreeing to it. According to a June 10 complaint, Alby has applied terms in terms of service that allow users to estimate the perfect balance of their inherited accounts.
Alby offers solutions based on Lightning Network (LN). We reserve the right to delete total balance If you do not register a transaction for a year of continuity in accordance with clause 12 of the Terms of Use of inherited wallets created since 2023, as seen in the following image, as follows (this measurement will not affect other types of accounts).
Additionally, this clause indicates that Alby will notify users for more than a year to withdraw funds from these accounts.
At the time of this article, there have been no responses to complaints from Albe. At least on X, if a user claims in the last publication of the social network of Alby’s official account, then no one will answer “Please return my BTC.”
User complaints after losing bitcoin
On X, several users have expressed their anger. Those affected said: Many people, including myself, reported that our Bitcoin had been transferred and eliminated. I checked the terms and discovered that they added that if you are not active they can take all your money. It’s too vague! How is this different from a robber? “.
That same person also warned of the precedent this establishes: «Is this a “legal” robbery if all wallets did the same thing? Some have lost thousands of dollars. This is not explained in an unfair clause! He also added a screenshot showing his BTC extraction. «Inactive Fees» (Inactive rate):
Another user was more direct: «I have never seen anything more shameless. The mines were also moved like this…».
The measures adopted by the Alby developers are very contradictory to the idea of self-responsibility, but this situation is also highlighted. The importance of understanding and knowing the terms of use of your wallet or application of cryptocurrency used.
Alby has notified users of the need to migrate funds, but complaints suggest that Communications may have been ineffective or that some users are not aware of the terms.