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Reading: Bitcoin Core Developer lost 200 BTC for around $3,5 Million in a Hack
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CoinLucid > Blog > All News > Bitcoin > Bitcoin Core Developer lost 200 BTC for around $3,5 Million in a Hack
All NewsBitcoin

Bitcoin Core Developer lost 200 BTC for around $3,5 Million in a Hack

Ed Miles
Last updated: 2023/01/02 at 9:18 AM
By Ed Miles 4 Min Read
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It is a sad day for the crypto community as Luke Dashjr, a Bitcoin OG and core developer, has reported that his PGP key was compromised and 200 BTC worth around $3,5 Million were stolen from him on Dec. 31. Despite the fact that the safest way to protect one’s crypto investments is to hold their own keys, it is disheartening to see that someone, as experienced as Luke Dashjr, has lost all his investments. We can only hope that the situation improves and that he is able to recover his losses in the future.

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More about Luke Dashjr, Bitcoin core developerMore about CoinJoin mixing service

PSA: My PGP key is compromised, and at least many of my bitcoins stolen. I have no idea how. Help please. #Bitcoin

— @LukeDashjr@BitcoinHackers.org on Mastodon (@LukeDashjr) January 1, 2023

Changpeng Zhao, the CEO of Binance, has reacted to the announcement of Luke Dashjr’s lost crypto keys with empathy and understanding. While urging crypto users to remember the risks of not owning their crypto keys, Zhao has also pledged that the Binance team will be monitoring the transactions from the lost keys and will support Dashjr in any way they can. This demonstrates Binance’s commitment to protecting their customers and providing them with the best service possible.

The amount of bitcoin lost is still unknown, but a significant portion seems to have been transferred to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa via the CoinJoin mixing service, according to Dashjr.

The exact amount of bitcoin lost due to a recent breach of the Bitcoin wallet service is still unknown, however it appears that a significant portion of the lost funds have been transferred to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa via the CoinJoin mixing service. This information was provided by Dashjr, a well-known Bitcoin core developer. All that is known is that a large amount of bitcoin has gone missing, and the true extent of the losses is still unknown.

Sad to see even an OG #Bitcoin Core Developer lost 200+ BTC ($3.5 million). Self custody have a different set of risks.

We will try to monitor and see where we can help. 🙏 https://t.co/9eGZ7AFgC2

— CZ 🔶 Binance (@cz_binance) January 1, 2023

More about Luke Dashjr, Bitcoin core developer

Luke Dashjr, or “Luke-Jr” as he is affectionately known, is a Bitcoin OG and core developer who has been involved in the Bitcoin community since 2010. He was an early contributor to the Bitcoin Core source code and has been an active participant in the development of the Bitcoin protocol. Aside from his involvement in the Bitcoin community, Luke is also a Linux kernel developer, cryptocurrency entrepreneur, and open-source software developer. He serves as an advisor to several blockchain projects and is a frequent speaker at Bitcoin and cryptocurrency events. His contributions to the Bitcoin ecosystem have been invaluable, and his dedication to furthering the development of Bitcoin and other cryptocurrencies is unmatched.

More about CoinJoin mixing service

CoinJoin mixing service is a type of cryptocurrency transaction privacy service that helps to make it harder to trace a user’s transactions. It works by combining multiple transactions into one, making it more difficult to track individual transactions and their senders and recipients. It also helps to increase anonymity by hiding the true amounts of each of the transactions involved. CoinJoin mixing services have become increasingly popular as more people look for ways to protect their financial privacy. They are also often used to help protect against theft and other illicit activities.

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TAGGED: bitcoin, CoinJoin mixing service, CZ, Luke Dashjr
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