Bitcoin Core developer allegedly lost $3.5 million in BTC due to an exploit.

Photo of author

By Degen Lipsa

On January 1st, seasoned Bitcoin core developer Luke Dashjr revealed on Twitter that a hack that cost a sizable number of BTC had exposed his PGP key. Dashjr continued by saying he had no idea how this had occurred. The amount of theft has still not been confirmed. However, according to sources it’s coming around 200 BTC which is approximately worth $3.5 million at today’s prices.

The hacker obscured the movement of the funds by using CoinJoin. It is a technique that improves privacy by anonymizing Bitcoin transactions, according to the developer’s post on the entire incident. Dashjr tried to get in touch with the FBI after learning about the incident.

DashJr revealed he’s shooked and has no idea how the hacker gained access of his PGP(pretty good privacy) key. PGP keys is an encryption program that offers cryptographic privacy and authentication.

A little more than a month after the developer disclosed that his server had been accessed by an unidentified person and that there was new malware/backdoors on the system, the theft occurred. When Dashjr looked into it more, he discovered that it wasn’t just any old trojan; rather, it was designed to hack his server specifically.

When Dashjr looked into it more, he discovered that it wasn’t just any old trojan; rather, it was designed to hack his server specifically.

Dashjr tried to get in touch with the FBI after learning about the incident.

Leave a Comment