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Hackers Drain $3.5M From Bitcoin Core Developer

Luke Dashjr, a Bitcoin Core developer, revealed that his PGP (Pretty Good Privacy) keys had been tampered with, allowing hackers to siphon $3.5 million from his account.

The New Year Begins With A CyberAttack

With only a day into the new year, nefarious actors resumed their hacking activities. Dashjr took to Twitter to announce a theft on his account, with the hackers stealing more than $3 million.

Dashjr stated that this hack occurred when hackers got their hands on his PGP keys, which were used to secure his account.

He did, however, claim that he was stunned as to how his PGP keys got leaked.

According to information obtained from Binance CEO, Changpeng Zhao, Dashjr lost approximately 200 BTC, valued at $3.5 million, as a result of this exploitation.

On January 1st, Dashjr announced the event on Twitter through a Twitter thread. In this thread, he revealed that this hacker used Coinjoin—a technical software that improves privacy by anonymously presenting Bitcoin transactions to conceal the movement of funds. After spotting the attack on his account, Dashjr promptly notified the Federal Bureau of Investigations (FBI).

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Dashjr Details The Hack Event

In his thread, he stated that he was at a loss for words as to how these hackers got their hands on his PGP keys—PGP is an encrypted software that provides cryptographic privacy.

This hack attempt began in November, when the developer took to Twitter to announce  that his server had been infiltrated by an anonymous person; also confirming the presence of malware and a backdoor on his server after the attempt.

Dashjr investigated this infiltration on his server and discovered that this anonymous person implanted malware and backdoors in his server for the purpose of compromising his system.

After he announced the recent hack event on January 1st, many community members rushed to reference and connect the dots between this hack event and the infiltration that occurred in November.

Following the hack, CZ expressed sympathy and support to the Bitcoin developer, promising to examine the problem and determine where the funds went.

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He tweeted that his exchange will look into this theft and keep an eye out for any transfer of the aforementioned funds into the exchange.


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Jimmy Kelly

Jimmy is one of the news journalists for Tokenhell. He is a big crypto enthusiast and bought his first crypto token way back in 2015! Jimmy publishes updates about crypto tokens, events, price analysis and regulation among many other subjects.

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