Hackers Steal 200+ BTC of Bitcoin OG and Core Developer

Last Updated:
Bitcoin-core-developer-claims-to-have-lost-200+-BTC-in-hack
  • Bitcoin core developer Luke Dashj claims that his BTCs have been stolen.
  • Dashj claimed that hackers stole more than 200 BTCs.
  • Contextually, Binance CEO remarked that self-custody has a different set of risks.

Adding up to the crypto theft incidents, Bitcoin OG and core developer Luke Dashj tweeted that many of his bitcoins were stolen, on December 30. Dashj claimed on the last day that his Pretty Good Privacy (PGP) key was compromised and hackers took his Bitcoins.

In a series of Twitter posts, Dashj shared a wallet address to which some of the stolen BTCs had been sent by the hacker.

Dashj also said that he had no idea how the hackers gained access to his PGP key.

A Bitcoin supporter with Twitter handle CertaintyShow asked Dashj  what PGP has to do with anything, to which the developer replied: “That’s how you might verify that your Bitcoin Knots or Core download isn’t infested with malware.”

Following this hack, Binance CEO Changpeng Zhao sent condolences to Luke Dashj in a tweet:

Sad to see even an OG Bitcoin Core Developer lost 200+ BTC ($3.5 million). Self-custody has a different set of risks. We will try to monitor and see where we can help.

Additionally, Bitcoin guide Udi Wertheimer responded to the incident: “You shouldn’t manage your own keys. If even one of Bitcoin’s OG developers messes this up, I really don’t know how other people are expected to do it safely.”

Recently, Certik Alert, a real-time alert provider, noticed that in 2022, the lowest number of hacks, scams, and exploits happened in December. This loss amounts to $62.2 million. Reportedly, in November 2022, the US Department of Justice announced the seizure of nearly $3.6 billion of stolen Bitcoin.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

CoinStats ad

Latest News