Bitcoin Core developers lose $3.5 million in BTC in suspected exploit

Veteran Bitcoin core developer Luke Dashjr took to Twitter on January 1 to reveal that his PGP key had been compromised in a hack that resulted in the loss of a large amount of BTC. Dasher added that he did not know how that happened.

According to CZ, the developer lost more than 200 BTC, which is worth roughly $3.5 million at today’s prices.

A developer thread around the entire event revealed that the hacker used CoinJoin, a tool that improves privacy by anonymizing Bitcoin transactions to obfuscate the movement of funds. When Dasher discovered the theft, he tried to contact the FBI.

Stealing

Dasher said he had “no idea how” the attackers had accessed the key to good privacy (PGP). A PGP key is an encryption software that provides encryption and authentication integrity.

The theft comes just over a month after the developer open That his server was accessed by an unknown person and confirmed that there is new malware/backdoors on the system. Upon further investigation, Dashjr found that it was specifically created to jailbreak its server rather than as a standard Trojan.

Some community members were quick to point out a possibility Connection between the event that led to the hack.

Binance CEO CZ extended his support to Dashjr and promised to take necessary action while monitoring the movement of the funds involved.

“Sad to see you’ve lost so much. Report it to our security team for monitoring. If it comes our way, we’ll freeze it. If there’s anything else we can help with, please let us know. We deal with these frequently and have relationships with law enforcement.” (LE) all over the world.”

community reaction

A longtime Bitcoin core developer, who has a deep understanding of systems and security, has been exposed to funds stolen and diverted through the privacy tool. This underscores the importance of cold storage despite it being technology rich. Self-care has already become a red button issue, especially after the collapse of FTX.

But many theories have been put forward by the community. Not much is sold in the Dashger inspired. While some were curious as to how a decay of this magnitude could have occurred, others forecast Possible case of “boating”, a means of tax evasion by claiming loss of assets. Some believe that the Twitter account itself has been hacked.

The Bitcoin Core developers who lost $3.5 million in BTC in the suspected exploit appeared first on CryptoPotato.

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Bitcoin Core developers lose $3.5 million in BTC in suspected exploit

Veteran Bitcoin core developer Luke Dashjr took to Twitter on January 1 to reveal that his PGP key had been compromised in a hack that resulted in the loss of a large amount of BTC. Dasher added that he did not know how that happened.

According to CZ, the developer lost more than 200 BTC, which is worth roughly $3.5 million at today’s prices.

A developer thread around the entire event revealed that the hacker used CoinJoin, a tool that improves privacy by anonymizing Bitcoin transactions to obfuscate the movement of funds. When Dasher discovered the theft, he tried to contact the FBI.

Stealing

Dasher said he had “no idea how” the attackers had accessed the key to good privacy (PGP). A PGP key is an encryption software that provides encryption and authentication integrity.

The theft comes just over a month after the developer open That his server was accessed by an unknown person and confirmed that there is new malware/backdoors on the system. Upon further investigation, Dashjr found that it was specifically created to jailbreak its server rather than as a standard Trojan.

Some community members were quick to point out a possibility Connection between the event that led to the hack.

Binance CEO CZ extended his support to Dashjr and promised to take necessary action while monitoring the movement of the funds involved.

“Sad to see you’ve lost so much. Report it to our security team for monitoring. If it comes our way, we’ll freeze it. If there’s anything else we can help with, please let us know. We deal with these frequently and have relationships with law enforcement.” (LE) all over the world.”

community reaction

A longtime Bitcoin core developer, who has a deep understanding of systems and security, has been exposed to funds stolen and diverted through the privacy tool. This underscores the importance of cold storage despite it being technology rich. Self-care has already become a red button issue, especially after the collapse of FTX.

But many theories have been put forward by the community. Not much is sold in the Dashger inspired. While some were curious as to how a decay of this magnitude could have occurred, others forecast Possible case of “boating”, a means of tax evasion by claiming loss of assets. Some believe that the Twitter account itself has been hacked.

The Bitcoin Core developers who lost $3.5 million in BTC in the suspected exploit appeared first on CryptoPotato.

Leave a Reply

Your email address will not be published. Required fields are marked *