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January 3, 2023

Bitcoin Core Developer’s BTC Stash Stolen, Binance CEO Promises To Freeze Hacker’s Wallet if Tracked

By Daily Hodl Staff

A hacker has reportedly stolen a Bitcoin (BTC) Core developer’s stash of the king crypto worth at least $3.6 million.

Luke Dashjr says on Twitter that his Pretty Good Privacy (PGP) key was compromised and “basically all” of his BTC was stolen.

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PGP is an encryption program designed to block data from prying eyes.

The Bitcoin developer says both his hot and cold wallets were hacked, and he speculates that the hacker compromised him “a while ago and planned it.” He also thinks the hacker “had access to his machine live.”

Dashjr says some of the Bitcoin was sent through the BTC mixer CoinJoin to this address. The wallet holds 216.93 BTC worth more than $3.6 million at time of writing.

Other Twitter users suggested the hacker could be coming from inside Dashjr’s house.

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“Luke the hacker could be inside the house. Just take a minute and go to the nearest lab and have your blood and urine taken ASAP for foul play, and submit this to toxicology lab for analysis. You have been sick lately could there be a foul play here.”

However, the developer doesn’t think that’s possible.

“There’s nobody that competent in my house.”

Changpeng Zhao, the chief executive of top crypto exchange Binance, told Dashjr his security team would freeze the stolen Bitcoin if it arrived at his exchange.

“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.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/chaweekun/Konstantin Faraktinov