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More than 200+ BTC stolen by hacker, claims Bitcoin’s core developer | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker


In a shocking revelation made by one of the core developers of Bitcoin, it’s alleged that more than 200 BTC was stolen by a hacker while the reason behind the hack is still not known.

UPDATED: Jan 2, 2023 16:48 IST

Bitcoin core developer claims hack

By Emerging Tech Team: The year 2022 had been plagued with news around crypto hacks and it ended on a similar note when one of the core developers of Bitcoin took to Twitter to inform that he’d lost “basically” all his BTC as a result of a hack.

In a 1 January Twitter post, Luke Dashjr alleged that the hacker had somehow gained access to his PGP (Pretty Good Privacy) Key. This is a widely-used security method that uses two keys to encrypt sensitive information.

More than $3.6 million stolen

Dashjr posted a thread on Twitter where he mentioned the wallet address where his stolen BTC had been sent but did not talk about the amount of BTC that was stolen.

He also told a Twitter user in the thread that he got to know about the recent hack when he received emails from Coinbase and Kraken about suspicious login attempts.

According to a Cointelegraph report, the wallet address in question shows four transactions on 31 December with the total value amounting to $3.6 million, which is roughly 216.39 BTC.

In the thread, Dashjr mentioned that he had “no idea” how his account was compromised and how the hacker gained access to his security key. However, one of the users on Twitter pointed out a possible connection with an earlier Twitter post by Dashjr on 17 November where he mentioned that his server had been compromised by “new malware/backdoors on the system”.

This incident has caught the eyes of some prominent figures in the crypto space, especially the CEO of Binance, CZ Zhao, who offered his support and condolences to Dashjr in a post. “Sorry to see you lose so much. Informed our security team to monitor. If it comes our way, we will freeze it. If there is anything else we can help with, please let us know. We deal with these often, and have Law Enforcement (LE) relationships worldwide,” he wrote.

Some suggest foul play

Though many have come in support of Dashjr, there are a few who have speculated that lex security was the reason the hack could be conducted successfully. A user on Reddit suggested that Dashjr may not have taken the earlier 17 November security breach “seriously enough” and later suggested that Dashjr might not have kept his Bitcoin on a more secure device, suggesting that “he had a hot wallet on the same computer he did everything else.

Also, there are a few users who feel that Dashjr might have been complacent with his seed phrase or it could have been part of a “boating accident”. A boating accident is basically a meme repurposed by the crypto community to cite when someone is trying to avoid paying taxes by claiming that his crypto assets have been stolen. Post the hack, many crypto influencers and even CZ Zhao have cautioned the crypto community regarding the self-custody of crypto.

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