diff --git a/protocol/src/lib.rs b/protocol/src/lib.rs
index b838492..a9b5a26 100644
--- a/protocol/src/lib.rs
+++ b/protocol/src/lib.rs
@@ -372,7 +372,7 @@ impl PacketHandler {
     }
 
     /// Split the handler into separate reader and a writer.
-    pub fn split(self) -> (PacketReader, PacketWriter) {
+    pub fn into_split(self) -> (PacketReader, PacketWriter) {
         (self.packet_reader, self.packet_writer)
     }
 
diff --git a/proxy/src/bin/async.rs b/proxy/src/bin/async.rs
index d1bfabe..fc5e1e9 100644
--- a/proxy/src/bin/async.rs
+++ b/proxy/src/bin/async.rs
@@ -8,10 +8,9 @@ use bitcoin::Network;
 use bytes::BytesMut;
 use tokio::io::{AsyncReadExt, AsyncWriteExt};
 use tokio::net::{TcpListener, TcpStream};
-use tokio::select;
 
 /// Validate and bootstrap proxy connection.
-async fn proxy_conn(mut client: TcpStream) -> Result<(), bip324_proxy::Error> {
+async fn proxy_conn(client: TcpStream) -> Result<(), bip324_proxy::Error> {
     let remote_ip = bip324_proxy::peek_addr(&client)
         .await
         .expect("peek address");
@@ -80,47 +79,63 @@ async fn proxy_conn(mut client: TcpStream) -> Result<(), bip324_proxy::Error> {
                         bip324::Error::MessageLengthTooSmall => continue,
                         e => panic!("unable to authenticate garbage {}", e),
                     },
-                    _ => break,
+                    _ => {
+                        println!("Channel authenticated.");
+                        break;
+                    }
                 }
             }
         }
     }
 
-    println!("Channel authenticated.");
-
     println!("Splitting channels.");
     let packet_handler = handshake.finalize().expect("finished handshake");
-    let (mut client_reader, mut client_writer) = client.split();
-    let (mut remote_reader, mut remote_writer) = remote.split();
-    let (mut decrypter, mut encrypter) = packet_handler.split();
+    let (mut client_reader, mut client_writer) = client.into_split();
+    let (mut remote_reader, mut remote_writer) = remote.into_split();
+    let (mut decrypter, mut encrypter) = packet_handler.into_split();
 
-    println!("Setting up proxy loop.");
-    loop {
-        select! {
-            res = read_v1(&mut client_reader) => {
-                match res {
-                    Ok(msg) => {
-                         println!("Read {} message from client, writing to remote.", msg.command());
-                         write_v2(&mut remote_writer, &mut encrypter, msg).await.expect("write v2 message");
-                    },
-                    Err(err) => {
-                         panic!("unable to read v1 from client {}", err);
-                    },
+    println!("Setting up proxy loops.");
+    tokio::spawn(async move {
+        loop {
+            let res = read_v1(&mut client_reader).await;
+            match res {
+                Ok(msg) => {
+                    println!(
+                        "Read {} message from client, writing to remote.",
+                        msg.command()
+                    );
+                    write_v2(&mut remote_writer, &mut encrypter, msg)
+                        .await
+                        .expect("write to remote");
                 }
-            },
-            res = read_v2(&mut remote_reader, &mut decrypter) => {
-                match res {
-                    Ok(msg) => {
-                         println!("Read {} message from remote, writing to client.", msg.command());
-                         write_v1(&mut client_writer, msg).await.expect("write v1 message");
-                    },
-                    Err(err) => {
-                         panic!("unable to read v2 from client {}", err);
-                    },
+                Err(e) => {
+                    panic!("unable to read from client {}", e);
+                }
+            }
+        }
+    });
+
+    tokio::spawn(async move {
+        loop {
+            let res = read_v2(&mut remote_reader, &mut decrypter).await;
+            match res {
+                Ok(msg) => {
+                    println!(
+                        "Read {} message from remote, writing to client.",
+                        msg.command()
+                    );
+                    write_v1(&mut client_writer, msg)
+                        .await
+                        .expect("write to client");
+                }
+                Err(e) => {
+                    panic!("unable to read from remote {}", e);
                 }
-            },
+            }
         }
-    }
+    });
+
+    Ok(())
 }
 
 #[tokio::main]
diff --git a/proxy/src/bin/v1.rs b/proxy/src/bin/v1.rs
index 54218e7..cdc6bf7 100644
--- a/proxy/src/bin/v1.rs
+++ b/proxy/src/bin/v1.rs
@@ -3,45 +3,65 @@
 
 use bip324_proxy::{read_v1, write_v1};
 use tokio::net::{TcpListener, TcpStream};
-use tokio::select;
 
 /// Validate and bootstrap proxy connection.
-async fn proxy_conn(mut client: TcpStream) -> Result<(), bip324_proxy::Error> {
+async fn proxy_conn(client: TcpStream) -> Result<(), bip324_proxy::Error> {
     let remote_ip = bip324_proxy::peek_addr(&client).await?;
 
     println!("Initialing remote connection {}.", remote_ip);
-    let mut remote = TcpStream::connect(remote_ip).await?;
+    let remote = TcpStream::connect(remote_ip).await?;
 
-    let (mut client_reader, mut client_writer) = client.split();
-    let (mut remote_reader, mut remote_writer) = remote.split();
+    let (mut client_reader, mut client_writer) = client.into_split();
+    let (mut remote_reader, mut remote_writer) = remote.into_split();
 
     println!("Setting up proxy loop.");
-    loop {
-        select! {
-            res = read_v1(&mut client_reader) => {
-                match res {
-                    Ok(msg) => {
-                         println!("Read {} message from client, writing to remote.", msg.command());
-                         write_v1(&mut remote_writer, msg).await?;
-                    },
-                    Err(e) => {
-                         return Err(e);
-                    },
+
+    // Spawning two threads instead of selecting on one due
+    // to the read calls not being cancelable. A select
+    // drops other futures when one is ready, so it is
+    // possible that it drops one with half read state.
+
+    tokio::spawn(async move {
+        loop {
+            let res = read_v1(&mut client_reader).await;
+            match res {
+                Ok(msg) => {
+                    println!(
+                        "Read {} message from client, writing to remote.",
+                        msg.command()
+                    );
+                    write_v1(&mut remote_writer, msg)
+                        .await
+                        .expect("write to remote");
                 }
-            },
-            res = read_v1(&mut remote_reader) => {
-                match res {
-                    Ok(msg) => {
-                         println!("Read {} message from remote, writing to client.", msg.command());
-                         write_v1(&mut client_writer, msg).await?;
-                    },
-                    Err(e) => {
-                         return Err(e);
-                    },
+                Err(e) => {
+                    panic!("unable to read from client {}", e);
                 }
-            },
+            }
         }
-    }
+    });
+
+    tokio::spawn(async move {
+        loop {
+            let res = read_v1(&mut remote_reader).await;
+            match res {
+                Ok(msg) => {
+                    println!(
+                        "Read {} message from remote, writing to client.",
+                        msg.command()
+                    );
+                    write_v1(&mut client_writer, msg)
+                        .await
+                        .expect("write to client");
+                }
+                Err(e) => {
+                    panic!("unable to read from remote {}", e);
+                }
+            }
+        }
+    });
+
+    Ok(())
 }
 
 #[tokio::main]
diff --git a/proxy/src/lib.rs b/proxy/src/lib.rs
index 3d8ebb5..0dba9e7 100644
--- a/proxy/src/lib.rs
+++ b/proxy/src/lib.rs
@@ -106,6 +106,8 @@ pub async fn peek_addr(client: &TcpStream) -> Result<SocketAddr, Error> {
 }
 
 /// Read a v1 message off of the input stream.
+///
+/// This future is not cancelable since state is read multiple times.
 pub async fn read_v1<T: AsyncRead + Unpin>(input: &mut T) -> Result<NetworkMessage, Error> {
     let mut header_bytes = [0; V1_HEADER_BYTES];
     input.read_exact(&mut header_bytes).await?;
@@ -116,17 +118,20 @@ pub async fn read_v1<T: AsyncRead + Unpin>(input: &mut T) -> Result<NetworkMessa
             .expect("4 header length bytes"),
     );
 
-    let mut payload = vec![0u8; V1_HEADER_BYTES + payload_len as usize];
-    payload[0..V1_HEADER_BYTES].copy_from_slice(&header_bytes[..]);
-    input.read_exact(&mut payload[V1_HEADER_BYTES..]).await?;
+    let mut full_bytes = vec![0u8; V1_HEADER_BYTES + payload_len as usize];
+    full_bytes[0..V1_HEADER_BYTES].copy_from_slice(&header_bytes[..]);
+    let payload_bytes = &mut full_bytes[V1_HEADER_BYTES..];
+    input.read_exact(payload_bytes).await?;
 
-    let message = RawNetworkMessage::consensus_decode(&mut &payload[..]).expect("decode v1");
+    let message = RawNetworkMessage::consensus_decode(&mut &full_bytes[..]).expect("decode v1");
 
     // todo: drop this clone?
     Ok(message.payload().clone())
 }
 
 /// Read a v2 message off the input stream.
+///
+/// This future is not cancelable since state is read multiple times.
 pub async fn read_v2<T: AsyncRead + Unpin>(
     input: &mut T,
     decrypter: &mut PacketReader,