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BTC Developer Clears His Name On False NFT Auction

Luke Dashjr, one of the early developers of Bitcoin, recently took to social media to denounce an auction website that created and sold a deceptive NFT using his code and name without his permission.

He said an NFT containing an image of his written code was auctioned off for 0.41 BTC. Meanwhile, Dashjr acknowledged that he is not the only Bitcoin developer who has experienced such an issue.

Bitcoin Core Developer Slams Seller Over ‘Misleading’ NFT Sale

Dashjr stated that:

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“The listing advertised my code as its own and made it available for sale to the public. To clarify, I want to make it clear that I was not involved in the creation of this or any related NFTs. I did not give my consent for anyone to use my name or code for this purpose. Rather, third parties are exploiting my name and code for their own financial benefit.”

According to Dashjr, the auction winner contacted him, and he had to inform them that he did not participate in the sale. Additionally, Dashjr reports that the auction site or seller offered him a 90% donation from the auction. However, he declined the gift.

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In Dashjr’s view, the offer he received was a blatant attempt to either silence him or obtain his approval. He explained that he would not accept any payment that could potentially mislead the public, as this would be unfair to them.

The developer, therefore, emphasized the importance of transparency and demanded that they refund the buyer’s money since the misrepresentation involved had created confusion on their part.

Dashjr Lost All His BTC To An Attack In 2022

According to Dashjr, other Bitcoin developers were offered significant donations in exchange for cooperation in similar situations. However, he did not provide any further information.

Meanwhile, Dashjr emphatically stated that he did not consent to this type of grifting and wanted to inform the public of his stance. At the beginning of last year, OpenSea, a decentralized marketplace, disclosed that more than 80% of the NFTs created using its platform were comprised of “fake collections, plagiarized works, and spam.”

Recently, reports revealed that Dashjr’s crypto wallet suffered a hack on the final day of 2022. The core BTC developer lost all his Bitcoin to the hacker.

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The hackers acquired Dashjr’s PGP (Pretty Good Privacy) key, a widely-used security technique involving two keys to access encrypted data. This development sparked a discussion on self-custody, which had already gained significance following the demise of the FTX cryptocurrency exchange.


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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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