What is Bitcoinlib, and how did hackers target it?

Apr 18, 2025 08:00 am Cryptocurrency 302

Bitcoinlib, explained

Bitcoinlib is an open-source Python library designed to make Bitcoin development easier.

Think of it as a toolbox for programmers who want to create Bitcoin wallets, manage transactions, or build apps that interact with the Bitcoin blockchain. Since its launch, it’s been downloaded over 1 million times, showing just how widely trusted and used it is in the crypto community.

Here’s what Bitcoinlib does in a nutshell:

Creates and manages wallets: It lets developers build Bitcoin wallets to store, send and receive Bitcoin securely.

Handles transactions: It simplifies the process of creating, signing and broadcasting Bitcoin transactions.

Supports multiple networks: Bitcoinlib works with Bitcoin’s main network (where real money is involved) and test networks (for experimenting without risk).

Open-source and flexible: Being bitcoinlib hackers target