Unidentified people stole over 200 BTC from a Bitcoin Core developer


Bitcoin Core developer Luke Dash Jr. reported that his PGP-key and the loss of a large amount in the first cryptocurrency.

Dash Jr. did not specify the amount of damage. In the thread, he shared allegedly hack-related wallet address – at the time of writing, it contains 216.9 BTC (more than $3.6 million at the current rate). Four transactions completed on December 31, 2022.

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Data: Blockchair.

According to the developer, he “has no idea” how attackers got access to his key. Asked why he noticed the problem so late, Dash Jr. explained that he only noticed the hack after receiving emails from Coinbase and Kraken about login attempts.

The head of Binance, Changpeng Zhao, reacted to the incident. He stated that he informed the security service of the exchange about the need for monitoring.

โ€œIf there is anything else we can help with, please let us know. We often deal with such cases, and we have connections with law enforcement agencies around the world,โ€ Zhao wrote.

In November, the head of Binance called self-custody of assets โ€œone of the basic human rights,โ€ but warned of โ€œcostly mistakes.โ€ On January 2, he recalled that this approach “has a different set of risks.”

Reddit user SatStandard suggested that Dash Jr. “didn’t take it seriously enough” security breach dated 17 November. He added that the developer used the hot wallet “on the same computer that he did everything else on.”

Members of the crypto community expressed concern about the incident. One of them noted that if a Bitcoin Core developer could become a victim of a hack, then โ€œmost people have little hope.โ€

Other commentators echoed this sentiment and noted that incidents like this cast doubt on the mass adoption of bitcoin.

โ€œMass adoption is a pipe dream if the top bitcoin developer canโ€™t even secure their wallet,โ€ the user wrote.

Namcios analyst noted that the community reaction is not a fair assessment of the situation. According to him, even an experienced specialist like Dash Jr. is not immune from mistakes.

Earlier, hardware wallet makers Ledger and Trezor recorded a significant increase in device sales amid the collapse of FTX.

In December, the CEO of P2P bitcoin trading platform Paxful, Ray Yousef, spoke out in favor of self-storage of the first cryptocurrency instead of centralized exchanges.

Recall that in November, the Web3 industry lost $391.6 million as a result of 29 exploits, including the Deribit hot wallet hack and the theft of FTX funds, according to PeckShield.

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