Key to $3.6M in BTC Compromise

a veteran Bitcoin The developer, Luke Daszr, revealed that he lost $3.6 million worth of bitcoin in a hack. There are many theories about what happened.

One of bitcoin’s earliest developers, Luke Dashjr, revealed on Twitter on January 1 that he had lost $3.6 million worth of bitcoin in a hack. Dashjr said that his PGP key had been compromised and that he was unaware of how it happened. He also revealed that the hacker used CoinJoin to obfuscate the tracing of funds.

Even Bitcoin Developers Can Have Trouble Keeping the Keys Secure

Dasher seems to have lost 216 BTC, enough amount of bitcoin for one person. Later in the Twitter thread, he advised people not to download Bitcoin Knots, which is a full-fledged bitcoin client. The latter is used for more advanced features which are often not fully tested. A Bitcoin Core developer also believes that his Twitter account has been hacked.

Binance CEO Changpeng Zhao also responded to the tweet, saying that the exchange’s security The team will monitor the situation. They promised to freeze funds upon entering Binance. Several other prominent figures in the crypto industry also entered the discussion, most of whom expressed their condolences, including Ava Labs founder and CEO Emin Gun Sirer, and crypto journalists. laura shin,

The PGP encryption method is commonly used and it provides users with a public and private key. The latter, of course, is known only by the specific user.

Some suggested An earlier server breach was behind the compromise. Others said it could be a “boating accident— a way for people to avoid taxes by claiming property was lost. Some believe that the Twitter account itself was hacked.

a developer Told that the hack was indeed genuine. They believe backdoor software on Dashjr’s desktop led to the compromise.

Bitcoin Silk Road DoJ

Who is Luke Dasher?

Based in Florida, Dashjr has worked on a number of projects in the past including Gentoo Linux, RETPOLINE, and the P2P protocol Open Direct Connect. His personal stand on development is heavily focused on cyber security.

Dashjr is a well-known figure in the bitcoin developer community because of his many contributions. He began working on bitcoin in 2011, contributing to security and performance, among other things.

Over $3 billion stolen in 2022

crypto hack Trouble continues to haunt the market, with 2022 being a tough year in this regard. The total amount lost by hackers exceeded $3 billion by October 2022, resulting in a total of $718 million stolen.

The biggest hacking of the year happened in March when ronin bridge was exploited for $612 million. Other notable hacks of the year included $477 million in FTX purse The Hack and the $321 Million Wormhole Bridge Attack. attack on the bridge Seems to be a particularly popular choice for hackers.

disclaimer

BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.


#Key #3.6M #BTC #Compromise

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