Re: Bitcoin developer @lukedashjr's wallet was hacked

Quote from: pawel7777 on January 03, 2023, 04:02:11 PM

This is really bad PR for Bitcoin.

If one of the most experienced devs can't keep his stash secure, how do we expect a random, way less tech-savvy users to do it?

So now, the average Joe will get the massage that self-custody is not safe and neither is holding on CEXs (i.e. because of FTX).

The first round of news coverage is out:
https://www.cryptotimes.io/bitcoin-developer-luke-dashjr-reportedly-lost-200-bitcoins/
https://beincrypto.com/early-bitcoin-developer-luke-dashjr-loses-3-6m-btc-due-supposed-key-hack/
https://www.indiatoday.in/amp/cryptocurrency/story/bitcoin-core-developer-claims-hacker-stole-more-than-200-btc-2316348-2023-01-02

Will see if any of the major news outlets pick up on that story. Peter Shiff will surely have a field day with this one.

We've been through worse though.

I feel really sorry for Luke, can't even imagine what it's like to lose that kind of amount in such way.

This question is disingenuous. Dashjr broke one of the basic rules of self custody. Which is to never store your private keys online.

The average person can secure his bitcoin by following very simple and basic security rules.

Whenever you buy any modern cold storage device such as Trezor of Ledger it always warns you during initial setup of the device to never store your private keys on any computer, never take a picture of it, never store it on a hard drive, cloud, flash drive, etc. I know this because I own both a Ledger S Nano and a Trezor One.

I can't believe such a supposedly smart person actually stored his private keys on his computer. Does not matter if it was encrypted. Any encrypted file can be broken with software you can download from the internet. You don't ever store your private keys on any electronic device, period.