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Topic: Bitcoin developer @lukedashjr's wallet was hacked (Read 12899 times)

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legendary
Activity: 4410
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again common sense no one should wave their leather wallet around and let strangers have access to it, that was Ljr's failure
What do you mean by that?

His personal wallet was some kind of... faucet? Shocked

i mean from what is said from the latest update. he wants the FBI to investigate attendee's to the conference which he does not know everyone there.. so common sense he attended somewhere with strangers, where (is common sense suggested that) it was there where he had strangers somehow have access to his server to steal his keys or put exploit/trojan on server

it has nothing to do with faucets..
faucets have nothing to do with random people having access to keys, node.
a faucet is where the coin owner willingly donates out portions of his coin to random people that ask for donations
sr. member
Activity: 1666
Merit: 310
again common sense no one should wave their leather wallet around and let strangers have access to it, that was Ljr's failure
What do you mean by that?

His personal wallet was some kind of... faucet? Shocked
legendary
Activity: 4410
Merit: 4766
actually legacy is stronger and more battle tested compared to more recent formats
satoshi in 2009 signed funds to hal feeney and done other signed events from the same address (half a dozen) and yet there is no no legacy data/validation/authorisation leakage which has been used for people to steal the fund that still are associated with that legacy address decades later
(many have tried bruting it)

newer formats have opcode additions that ignore checking for signatures(a flaw that has been exploited for other purposes), and also ways to replace transactions
which are weaknesses that have been exploited

also in regards to hot wallets
the amount in hotwallet is subjective. for instance although binance hoards 600k coin it has alot more then 100 coin as its hotwallet, they understand the risks of public access risk of way more then 100 coin, so they only put so much in hotwallet and have used their trade fee's to form a 'insurance' if said hotwallet was hacked(safu)

its recommended is to not risk more then you wish to lose and to take security precautions to mitigate risks* but thats general advice. its not to suggest having X on legacy in hot is more flawed technically compared to someone using 0.x or 10,000x
the amount does not weaken technical security.
*risks is more about personal loss emotional stress mitigation should X funds be lost

its more common sense
EG a leather wallet in your pocket containing fiat has the same security.
however you are more then likely to have funds stolen if you waved it around inview of strangers and/or then allowed strangers to put their hand in your pocket

point being if you put bank notes in a leather wallet and then had it open and accessible to the public. thats the risk.. not that the wallet itself is the risk

again common sense no one should wave their leather wallet around and let strangers have access to it, that was Ljr's failure
member
Activity: 266
Merit: 42
NO SHITCOIN INSIDE
So was he not even using a passphrase? I'm assuming he wasn't using a multisig setup.

Hard to believe someone with his level of knowledge wasn't using something as simple as a passphrase. With the large amount of funds involved
and his advanced technical expertise he should have been using a multisig setup but if not then the next best thing would be a passphrase aka hidden wallet.

If Dashjr was using a passphrase there would be little chance anyone could get access to his bitcoin, even if they had his seedphrase.
The other possibility is that he was using a passphrase but stored it in the same location as his seedphrase, but that would totally defeat the purpose of a passphrase.

Your passphrase should be stored only in your head IMO.
by all accounts and use of common sense to stitch the stories/revelations together

he did not use seeds, he did not use passphrase.
he had funds on LEGACY private key(which pre-dates seeds) on a hotwallet accessible via a server, which was accessible via a device which he carried with him to a conference/meetup which he must have allowed strangers/multiple people access or exposure to

passphrases, seeds, private keys are only secure if they are cold stored(airgapped/physically not on a device)... and not in a active wallet of an open node thats is remotely accessible/stranger accessible

it doesnt matter in this case if its a passphrase, seed, private key if key(of any format) is in a node is operating as a hotwallet

eg a desktop login password is only as good as the human ensuring they log out when they step away from their desk

If Dashjr was using a passphrase there would be little chance anyone could get access to his bitcoin, even if they had his seedphrase.
Your passphrase should be stored only in your head IMO.
There is no seedphrase. Bitcoin core doesn't have seedphrase.


Was there any rationale for Dashjr to be storing such a massive quantity of bitcoins in a hot wallet?

I had to look up bitcoin core wallet to get an idea how they work. The consensus on reddit seems to be they should not be used for long term storage or any large amounts of bitcoin.
They appear to be like any other hot wallet in terms of their level of security that is connected to the internet and should be treated like any other hot wallet--for temporary use and
only for smaller amounts, not long term storage of your life savings. What was he was thinking?

He wasn't using just any hot wallet but a legacy hot wallet to boot, which makes it even worse, as legacy software of any kind is usually less secure than more recent versions. Crazy!



legendary
Activity: 3010
Merit: 1460
The guards might also think he is Sam Bankman Fried's lost twin hehehee.



Sam Bankman or...



Sorry I had to do this.



Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.

I very much think that this will certainly be a normal reaction for anyone who has millions of his own property stolen from him. No can laugh at him or criticize him for calling the FBI.

I've found fillippone's reaction a bit weird too. What's wrong with calling the FBI? Isn't it their job to catch the criminals? Do we automatically convert to criminals when we use Bitcoin?  Cool Our protector and savior the government save us from these bad people!

Are you trying to create a controversy hehehehe? In any case, @fillippone's reaction is normal. I was talking about the people who were criticizing Luke loudly on social media. I reckon as a tax payer, any person should make his tax dollars work for him by asking for assistance from the government. In reality, the government should be there to assist anyone who needs this. This is a right of every citizen.  

So was he not even using a passphrase? I'm assuming he wasn't using a multisig setup.

Hard to believe someone with his level of knowledge wasn't using something as simple as a passphrase. With the large amount of funds involved
and his advanced technical expertise he should have been using a multisig setup but if not then the next best thing would be a passphrase aka hidden wallet.

If Dashjr was using a passphrase there would be little chance anyone could get access to his bitcoin, even if they had his seedphrase.
The other possibility is that he was using a passphrase but stored it in the same location as his seedphrase, but that would totally defeat the purpose of a passphrase.

Your passphrase should be stored only in your head IMO.
by all accounts and use of common sense to stitch the stories/revelations together

he did not use seeds, he did not use passphrase.
he had funds on LEGACY private key(which pre-dates seeds) on a hotwallet accessible via a server, which was accessible via a device which he carried with him to a conference/meetup which he must have allowed strangers/multiple people access or exposure to

If the FBI officer in charge on this case was a cryptocoin user, he might be shaking his head very vigorously in shock and this would appear to vibrate from all of the shaking.

member
Activity: 162
Merit: 65
If Dashjr was using a passphrase there would be little chance anyone could get access to his bitcoin, even if they had his seedphrase.
Your passphrase should be stored only in your head IMO.
There is no seedphrase. Bitcoin core doesn't have seedphrase.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory”, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.

Why the fuck would you want to save an extra 5 million dollars in taxes if you had the chance to get most of your money, literally millions more, back? This isn't "All or Nothing".
legendary
Activity: 4410
Merit: 4766
So was he not even using a passphrase? I'm assuming he wasn't using a multisig setup.

Hard to believe someone with his level of knowledge wasn't using something as simple as a passphrase. With the large amount of funds involved
and his advanced technical expertise he should have been using a multisig setup but if not then the next best thing would be a passphrase aka hidden wallet.

If Dashjr was using a passphrase there would be little chance anyone could get access to his bitcoin, even if they had his seedphrase.
The other possibility is that he was using a passphrase but stored it in the same location as his seedphrase, but that would totally defeat the purpose of a passphrase.

Your passphrase should be stored only in your head IMO.
by all accounts and use of common sense to stitch the stories/revelations together

he did not use seeds, he did not use passphrase.
he had funds on LEGACY private key(which pre-dates seeds) on a hotwallet accessible via a server, which was accessible via a device which he carried with him to a conference/meetup which he must have allowed strangers/multiple people access or exposure to

passphrases, seeds, private keys are only secure if they are cold stored(airgapped/physically not on a device)... and not in a active wallet of an open node thats is remotely accessible/stranger accessible

it doesnt matter in this case if its a passphrase, seed, private key if key(of any format) is in a node is operating as a hotwallet

eg a desktop login password is only as good as the human ensuring they log out when they step away from their desk
member
Activity: 266
Merit: 42
NO SHITCOIN INSIDE
So was he not even using a passphrase? I'm assuming he wasn't using a multisig setup.

Hard to believe someone with his level of knowledge wasn't using something as simple as a passphrase. With the large amount of funds involved
and his advanced technical expertise he should have been using a multisig setup but if not then the next best thing would be a passphrase aka hidden wallet.

If Dashjr was using a passphrase there would be little chance anyone could get access to his bitcoin, even if they had his seedphrase.
The other possibility is that he was using a passphrase but stored it in the same location as his seedphrase, but that would totally defeat the purpose of a passphrase.

Your passphrase should be stored only in your head IMO.

sr. member
Activity: 1666
Merit: 310
Have they managed to trace the stolen 216 BTC?

I would expect chain analysis to be involved in such a theft...
legendary
Activity: 4410
Merit: 4766
Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.

I very much think that this will certainly be a normal reaction for anyone who has millions of his own property stolen from him. No can laugh at him or criticize him for calling the FBI.

I've found fillippone's reaction a bit weird too. What's wrong with calling the FBI? Isn't it their job to catch the criminals? Do we automatically convert to criminals when we use Bitcoin?  Cool Our protector and savior the government save us from these bad people!

back in the days of the hack. many thought Ljr was doing a tax dodge by saying he lost funds to claim a tax loss rather then gains(some call these government seizure requests of things like someones guns/assets/taxes, as having a 'boating accident' where their registered guns/boat/taxes was lost to the sea)..
to avoid government seizure
so when resorting to asking FBI to find the hacker/funds, seems more like a real theft as oppose to a 'boating accident' tax seizure dodge

also many 'privacy guys' think bitcoin is all about trying to keep government agencies away from themselves and bitcoin
member
Activity: 134
Merit: 94
The Alliance of Bitcointalk Translators - ENG > TR
The guards might also think he is Sam Bankman Fried's lost twin hehehee.



Sam Bankman or...



Sorry I had to do this.



Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.

I very much think that this will certainly be a normal reaction for anyone who has millions of his own property stolen from him. No can laugh at him or criticize him for calling the FBI.

I've found fillippone's reaction a bit weird too. What's wrong with calling the FBI? Isn't it their job to catch the criminals? Do we automatically convert to criminals when we use Bitcoin?  Cool Our protector and savior the government save us from these bad people!
legendary
Activity: 3010
Merit: 1460
Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.

I very much think that this will certainly be a normal reaction for anyone who has millions of his own property stolen from him. No can laugh at him or criticize him for calling the FBI. I assume that he is a tax payer, it is his right. Also for this case, Luke will never trick the FBI. He will certainly be caught and sent to prison. The guards might also think he is Sam Bankman Fried's lost twin hehehee.

hero member
Activity: 1722
Merit: 801
It appears that we have a news update.
It's interesting update and I only see it today.

The amount mentioned in the OP was $3m at that time (216 btc, $15m now), is it worth going to prison to save $5m tax monney?

Would ya? Would yaaa?
Playing around many governmental authorities is not smart and I doubt that Luke planed to do this with this accident theory. He puts himself under investigation from authorities and if he lied, he will be in jail. It is real risk even I am not a lawyer and not live in the USA.

Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.
I didn't expect Luke to do that with FBI too. Three-dimensional chess with FBI, FED and more authorities look to be too much risky for Luke. If he initiates the three-dimensional chess, it's unbelievable.

Save tax? Unrealistic. In jail? More realistic.
sr. member
Activity: 1484
Merit: 323
Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.
I mean, FBI's still trying to be the good guys even though they're a part of an evil organization which is the US government and they can't really do anything about this because they need to deal with it as this is a crime and no way that you'd want to be dismissing this because I'm sure that Luke would escalate this by saying that the FBI is impartial and doesn't treat everyone equally. It's such a scary thing to me when this happens to people that are prominent in tech and are really good with technology, even if you're so good and vigilant with your security, it's funny how you can still be a victim of this kind of attacks, and it always makes me paranoid that if they can get attacked then I would be no match no matter how cautious I'll be with my security.

What was stolen ?

btc as in bitcoin core ?

or some other kind of bitcoin:

as in:
bsv ? cw etc
Bitcoins my friend, I don't think you can steal the bitcoin core.
full member
Activity: 385
Merit: 110
What was stolen ?

btc as in bitcoin core ?

or some other kind of bitcoin:

as in:
bsv ? cw etc
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
Wow.
I didn't expect him to resort to FBI.
Yeah, this pretty much rules out the “boating accident theory”, as it ever was a true scenario here. Seems like a dumb strategy for an OG like Luke.
Or maybe he’s playing three-dimensional chess with the FEDS here, relying on very sophisticated obfuscating technologies here, to save the proverbial 5 million dollars.
legendary
Activity: 4410
Merit: 4766
what are the reasons you think he's not using segwit but is a segwit activist at the same time?

segwit was a rushjob to activate, sponsors had deadlines that devs had to be met, even Luke got a pay day for getting it activated before november 2017 corporate contract deadline, even if he didnt personally want it/use/trust it/ care about it as a utility.. money makes people do stupid things

as for LukeJr's/FBI stuff
seems this latest update assumes Luke JR compromised his keys/computer at that CoreDev Atlanta event

if he cant even remember how many people touched his device holding alot of coins(or access to remote server holding coin).. he should not have had that much coin on a device(or server with access via device) that so many people could touch

hindsight and all.. people should learn from others mistakes..
dont travel with hoards of coin. just take what you need
dont allow people to finger your devices, wallets or your pockets if you dont even know their names
member
Activity: 162
Merit: 65
is everybody really taking the piss? Another boat accident.
Yeah a boating accident where the FBI is involved and asking people's data. Do you have any idea what would happen to Luke if the Feds notice he was lying? (that's if he was lying which I doubt) He won't be seeing any day light for a long time probably.

People already mentioned that shit a year ago.

This is not a prank on a bitcoin forum, that's real life. When you lie to the authorities there will be serious consequences. Is there anyone who lied to the FBI and still got away in history? Sure. the question would be, is it worth it?

The amount mentioned in the OP was $3m at that time (216 btc, $15m now), is it worth going to prison to save $5m tax monney?

Would ya? Would yaaa?



Also don't do post bursting (post one after another without someone else says something first), that's against the forum rules.

Thank you for the tips on the post bursting. Well, FBI will investigate this case if you don't let them? He could tell the public he lost funds and not turn to FBI? Who said he has?
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