Cryptocurrency

Bitcoin core developer loses 216 BTC to ‘PGP compromise’

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Bitcoin Core Developer Luke Dash Jr. Said He “Basically” Lost All His BTC Stashes Due To A PGP Key Compromise On Twitter On Jan. 1 thread.

Dashjr did not reveal the amount of BTC he lost to the alleged hacker. He said some of his BTC is co-bonded with the wallet “1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa”.

blockchain explorer Indicated The wallet reportedly held 216.93 BTC (worth about $3.6 million) after 4 transactions.

Dashjr said he doesn’t know how the malicious player got access to his PGP key. PGP keys employ cryptographic programs that provide cryptographic privacy and authentication of data communications.

Dashjr added that his attempts to contact law enforcement have so far been fruitless.

The community tries to explain the incidence

Crypto security experts have put forward several theories behind the breach.

Blockchain engineer Peter Todd claimed Luke may not have been the victim of a targeted hack. Todd added that Luke didn’t keep various activities separate. So backdoor software might be one of the ways he was compromised.

Meanwhile, several community members said Dashjr had previously Said His server was compromised on November 17, 2022. Many others also wondered if he was using his LastPass. suffered A data breach in December 2022 resulted in the loss of user data.

some too was suggested Dashjr lied about compromising to avoid paying taxes by claiming he lost all his BTC.

Binance CEO Changpeng ‘CZ’ Zhao murmured His exchange would freeze BTC if it was sent there.

“If there is anything else we can do to help, please let us know.

Posted In: Bitcoin, Hacking

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