Topic: Can offline wallets ever be hacked? (Read 505 times)
I always believe that everything can be hacked no matter how tight the security is but yeah the tighter the security is the harder it is to be hacked by someone. Hackers are using different methods and those elite hackers are using their own ways or creating new method of hacking into someone. There are some videos on youtube or stories on articles that a offline wallet can been hacked this is why we should always keep lowkey on our assets to avoid being targeted especially if we are holding a huge amount of value in our wallets. We can never be sure about our security even if we are using the most secured wallet. But it is always advisable to use non-custodial wallet since it is proven that it offers a great amount of security.
There are numerous instances a coldcwallet could still get hacked of its access and funds. For example. Trojan and certain types of malware exist solely to make money out of the data they collect. That being said. What happened to him/her is that he may have unknowingly downloadwd the file in the past or so. And the virus's journey towards the millions of dollar to be stolen starts here, when the dev pressed on it and unknowingly activated the file.
Bottomline, cold wallets can be pryed and hacked, it is just rare and doesn't always happen.
Bottomline, cold wallets can be pryed and hacked, it is just rare and doesn't always happen.
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
I think if you have linked your offline wallet in someway to an online hot wallet it can be hacked. Also i believe if you get caught into some phishing while accessing your offline wallet is also a chance that it can be hacked. Not to forget another simple way hackers can hack it is by sending you a counterfeit or hacked hardware wallet in the first place not sure this was the case in mentioned tweet here. Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
The Bitcoin developer becomes careless. He overlooked the possibility of his computer files being compromised when his server was infected by a trojan or malware. I don't recall that the dev has lost his access to his offline wallet but the attacker getting access to his wallets. There is nothing more to say here than the developer become careless since I believe he knows how to secure his wallet very well.
This is not a normal situation where someone spends days soldering and probing your hardware wallet to get your coins out.
When your wallet gets stolen you should use the seed to gain access and move the coins to another address. Judging by the amount of hardware and software that is needed to perform this attack you should have more than enough time.
When your wallet gets stolen you should use the seed to gain access and move the coins to another address. Judging by the amount of hardware and software that is needed to perform this attack you should have more than enough time.
Yep
this the case when a thief know for what they stealing for they will do soldering and doing with bunch of software, that is I said that using hardware wallet is the best currently, I also have another idea that we need put the seed key in a bank so we can only opened but use new address new key and use as store not send That's not a bad choice as long as the key is encrypted. You wouldn't want a thief who robs the bank to easily get into your life savings.
It's enough if the encryption is good enough to give you a few days in case something happens and someone steals it, but then comes a thought: why choose a bank when you can put the same encrypted file in a watertight enclosure and hide it behind a tile in the basement or in a brick wall, or whatever.
Nobody is going to demolish your house looking for your seed and if they do it's going to cause so much chaos and take so much time that you'll know about it and move the money.
How can offline wallet get compromised? This is confusing, unless this person backup the phrase on his computer or writes down the phrase where people can easily see, could also be an inside job maybe someone very close, this is the first time of hearing someone lose assets stored on an offline wallet.
Well, I have no experience of getting hacked but I say you are right - it can be possible with the help of other devices leading hackers to steal money.- computer used
- use of public connections to access our wallet
- clicking unknown links
it was seldom to hear of this kind of issue but we can't underestimate hackers now, they are getting smarter than before because of technology upgrades.
How can offline wallet get compromised? This is confusing, unless this person backup the phrase on his computer or writes down the phrase where people can easily see, could also be an inside job maybe someone very close, this is the first time of hearing someone lose assets stored on an offline wallet.
Well, I have no experience of getting hacked but I say you are right - it can be possible with the help of other devices leading hackers to steal money.- computer used
- use of public connections to access our wallet
- clicking unknown links
it was seldom to hear of this kind of issue but we can't underestimate hackers now, they are getting smarter than before because of technology upgrades.
How can offline wallet get compromised? This is confusing, unless this person backup the phrase on his computer or writes down the phrase where people can easily see, could also be an inside job maybe someone very close, this is the first time of hearing someone lose assets stored on an offline wallet.
This is why most of my money is in Binance, people act as if Binance is hackable and their own wallets are not and that makes me laugh so much. Yeah, sure if you have 500 bucks then no hacker will work hard to hack into your offline wallet, the effort required would be a lot more than the reward they would get and that is why it is not going to be so easy.
But at the end of the day, it is not going to be as easy as possible and why would they do that for low amounts. But, same goes with Binance too, if you have a small amount there then it would be fine, Binance won't be hacked into like that, and it will be safe there and I have never faced a problem there at all.
But at the end of the day, it is not going to be as easy as possible and why would they do that for low amounts. But, same goes with Binance too, if you have a small amount there then it would be fine, Binance won't be hacked into like that, and it will be safe there and I have never faced a problem there at all.
In terms of security, I don't think it is safer to hold our bitcoin in cold or non-custodial wallets than it is for us to leave our bitcoin on exchanges, about how secure binance is, I also believe it's safe. It's not as vulnerable as many people say, those people are just trying to smear binance with no proof at all. But leaving your bitcoins on exchanges comes with the increased risk that they could go bankrupt or freeze your assets without telling you the reason. Those are the risks that I am afraid to leave bitcoin on the exchange, not because of their poor security.
This is why most of my money is in Binance, people act as if Binance is hackable and their own wallets are not and that makes me laugh so much. Yeah, sure if you have 500 bucks then no hacker will work hard to hack into your offline wallet, the effort required would be a lot more than the reward they would get and that is why it is not going to be so easy.
But at the end of the day, it is not going to be as easy as possible and why would they do that for low amounts. But, same goes with Binance too, if you have a small amount there then it would be fine, Binance won't be hacked into like that, and it will be safe there and I have never faced a problem there at all.
But, it is not looking great if we all put our money in same places all the time. It's just not easy to understand why centralization gradually happened, and it was organically made as well and not like anything regulation needed. Most of the bitcoins and anything of worth in crypto ended up in either binance or coinbase, a few other exchanges too but that's mainly it, millions and millions there.But at the end of the day, it is not going to be as easy as possible and why would they do that for low amounts. But, same goes with Binance too, if you have a small amount there then it would be fine, Binance won't be hacked into like that, and it will be safe there and I have never faced a problem there at all.
There are some rich people with 100k+ bitcoins as well, so once again 1% have all the money. I am not saying they own it, binance and coinbase doesn't own it, but its still there, making it centralized and giving them power.
In storing crypto assets both bitcoin and altcoins certainly have their own weaknesses in every wallet that we use, both online and online wallets, so in this case we as big investors are indeed very uncomfortable when we hear news like this because it can threaten the aser we have, but we always try to apply high security as set in a wallet that we use never make the slightest mistake because The hackers always monitor the mistakes we make to get the assets we have.
This is why most of my money is in Binance, people act as if Binance is hackable and their own wallets are not and that makes me laugh so much. Yeah, sure if you have 500 bucks then no hacker will work hard to hack into your offline wallet, the effort required would be a lot more than the reward they would get and that is why it is not going to be so easy.
But at the end of the day, it is not going to be as easy as possible and why would they do that for low amounts. But, same goes with Binance too, if you have a small amount there then it would be fine, Binance won't be hacked into like that, and it will be safe there and I have never faced a problem there at all.
But at the end of the day, it is not going to be as easy as possible and why would they do that for low amounts. But, same goes with Binance too, if you have a small amount there then it would be fine, Binance won't be hacked into like that, and it will be safe there and I have never faced a problem there at all.
The way I understand it, offline wallets, for as long as they remain offline, can't be hacked. But I guess we have to take note that our coins are not kept in those offline wallets such that if those wallets are destroyed or lost, our coins are also lost. Our coins are actually stored in the blockchain. And there are information that could give anybody access to those coins without necessarily getting access to those wallets. Again, your coins are in the blockchain, not in those offline wallets. So, if your offline wallet is kept offline all the time and yet you're keeping your seed phrase in a device that goes online every now and then, for example, in a phone, laptop, PC, even cloud storage, then that offline wallet is pointless.
This is not a normal situation where someone spends days soldering and probing your hardware wallet to get your coins out.
When your wallet gets stolen you should use the seed to gain access and move the coins to another address. Judging by the amount of hardware and software that is needed to perform this attack you should have more than enough time.
When your wallet gets stolen you should use the seed to gain access and move the coins to another address. Judging by the amount of hardware and software that is needed to perform this attack you should have more than enough time.
Yep
this the case when a thief know for what they stealing for they will do soldering and doing with bunch of software, that is I said that using hardware wallet is the best currently, I also have another idea that we need put the seed key in a bank so we can only opened but use new address new key and use as store not send
Well, nothing is 100% safe in crypto wallets because at the moment you use offline wallets and link to online wallets, hacks can possibly happen. If you want to keep it safe 100% then keep it offline forever but I don't think that really is going to happen. But all I can say is that - hacking only happens to us when we are too careless, especially from clicking unknown links send to us via email or social media.
Quote
Ultimately, there is no one wallet solution that is 100% unhackable; however, hardware wallets coupled with extra security precautions, security features and best practices offer a strong solution.
https://halborn.com/can-hardware-wallets-be-hacked/
https://halborn.com/can-hardware-wallets-be-hacked/
This is a sad case, if even the bitcoin developers can lose their btc, what can we say about ordinary users. It seems to me that until the issue of security and simplicity is resolved, which even a beginner can master, the widespread adoption of bitcoin will be delayed. There are alternatives, like hardware and other wallets, but still, the incident is alarming.
For me, here's what else looks strange. Luke Dashjr is not a stupid person, but for some reason he kept such a large amount of btc in one wallet. What about the famous diversification? Then part of btc could be preserved, and not in such a way that the entire balance was devastated as it is now. I sympathize with him and this is a bitter example for others to be able to keep the wallet safe.
This is not going to be easy to solve as we are supposed to be our own banks, and as such how secure our coins are is entirely up to us to decide, even if he was a developer for what we know it does not seem as if his approach to the security of his coins was appropriate, and while it may seem incredible that someone which has such a deep knowledge about bitcoin can make this kind of mistake, it is not rare for humans to become so familiar and comfortable with a situation to the point they drop their guard to very dangerous levels. For me, here's what else looks strange. Luke Dashjr is not a stupid person, but for some reason he kept such a large amount of btc in one wallet. What about the famous diversification? Then part of btc could be preserved, and not in such a way that the entire balance was devastated as it is now. I sympathize with him and this is a bitter example for others to be able to keep the wallet safe.
Can offline wallet be hacked the answer is yes https://www.youtube.com/watch?v=dT9y-KQbqi4
So what are the risks of using offline wallets? there is always the risk the biggest risk is we sometimes forget about the pin like the video I showed you above and offline wallet is pretty much safe than online wallet since online hack its happen all the time
So what are the risks of using offline wallets? there is always the risk the biggest risk is we sometimes forget about the pin
like the video I showed you above and offline wallet is pretty much safe than online wallet since online hack its happen all the time This is not a normal situation where someone spends days soldering and probing your hardware wallet to get your coins out.
When your wallet gets stolen you should use the seed to gain access and move the coins to another address. Judging by the amount of hardware and software that is needed to perform this attack you should have more than enough time.
You could say it's possible to guess someone's password, but how much time is this going to take? Many people have simple wallet passwords so if you get their wallet file you can try a bruteforce attack.
The same can be said about a wallet that belongs to a dev. It's important to keep wallets with as much money as he had offline or at least on a separate machine that has its own firewall.
Ity's easy to compromise your computer by downloading stuff from the Internet especially from hacking forums. Game cheats and cracked software are often spiked with malware.
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
That's clear to everyone that online wallets are vulnerable and these are not safe for holding huge amounts of bitcoins for the long term but on the other hand it's not just a thing to say that offline wallets are completely safe and these wallets cannot be hacked because nothing is impossible to do. However and regardless of that, using online wallets for a huge amount of bitcoin is always recommended for everyone to hold bitcoin on it.
Yes... offline wallet can be hacked. For stance, the owner might forget his/her access code and seek the services of an hacker like the case of Joe Grank who hacked Trezor one wallet and recovered about $2million value in Theta. You can read it up here:
https://cointelegraph.com/news/engineer-hacks-trezor-wallet-recovers-2m-in-lost-crypto/amp
https://cointelegraph.com/news/engineer-hacks-trezor-wallet-recovers-2m-in-lost-crypto/amp
It worth mentioning that he had physical access to that old Trezor and also the vulnerability he managed to exploit was fixed since then by Trezor.
You know, if a thief manages steal your cold storage and then manages to steal your coins off it... it's not really considered a vulnerability of the cold storage...
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Yes... offline wallet can be hacked. For stance, the owner might forget his/her access code and seek the services of an hacker like the case of Joe Grank who hacked Trezor one wallet and recovered about $2million value in Theta. You can read it up here:
https://cointelegraph.com/news/engineer-hacks-trezor-wallet-recovers-2m-in-lost-crypto/amp
When a person is too smart like a btc developer, he is easier to get fucked.
It depends. Sometimes a person thinks he/she's so smart(and so confident, in this case with his wallet security setup) that he/she gets complacent. Even smart and very technical people can get really careless.
Saying too confident might not be right, he was just careless and assumed everything was safe so he didn't check every place whether was safe or not.
If his server is infiltrated by malware, most likely that is the cause, because a few months ago the server was entered by an unknown person.
When smart people get too careless, there's no meaningful security, anything can be hacked regardless of who that someone is.
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
As others pointed out, something that is indeed offline cannot be hacked.Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
If ofc there are any keys / passphrases of that "offline" wallet still on a computer that has access to the internet, yes it can be remotely accessed and possibly be hacked.
The best way to create a cold/offline wallet is via either by hand (risky regarding making a mistake on syntax etc) or a computer that is not (an nerver will be) connected to the internet.
If you use a printer, the printer should ideally be destroyed afterwards and not have an WLAN or similar connectivity.
Can offline wallets ever be hacked?
I'll just repeat what i said on other thread.
It depends on his cold wallet setup/usage. For example, using USB storage to transfer unsigned and signed transaction could be exploited by specifically designed malware.
When a person is too smart like a btc developer, he is easier to get fucked.
Too smart or certain negative trait which sometimes comes due to being smart?
Offline wallet can not be hacked,only if due to his carelessness he put his back up seeds,where someone smarter than him saw it in his house and took advantage of him.
Maybe he linked his private keys to an online storage system,unknowingly to him and this led to the hack. He most have exposed himself in one way or the other to the hackers.
it makes more sense. there is the carelessness of the owner of the wallet in saving seeds. this is what can be done. maybe he saved the seed in a spreadsheet in some e-mail. hacking could have started from there.Maybe he linked his private keys to an online storage system,unknowingly to him and this led to the hack. He most have exposed himself in one way or the other to the hackers.
an offline wallet, I'm sure it's safer than an online wallet. if an error is likely to occur, it is most likely due to the user himself.
Maybe he linked his private keys to an online storage system,unknowingly to him and this led to the hack. He most have exposed himself in one way or the other to the hackers.
luke spent some coin in september 2022 with the change going back to his wallet. which had other spends 2019-2022 thus his keys were exposed to a node that had internet access
he did not use hardware(offline signing) wallets
Offline wallet can not be hacked,only if due to his carelessness he put his back up seeds,where someone smarter than him saw it in his house and took advantage of him.
Maybe he linked his private keys to an online storage system,unknowingly to him and this led to the hack. He most have exposed himself in one way or the other to the hackers.
Maybe he linked his private keys to an online storage system,unknowingly to him and this led to the hack. He most have exposed himself in one way or the other to the hackers.
Offline wallet isn't safe if you did stupid steps when you were creating that offline wallet.
You must do all steps when creating an offline wallet when Internet connection is disconnected. After creating it, that device should be kept air-gaped and not connect to Internet.
And how you store your backups is important too. If your backups lost to someone else, they can access your bitcoins.
Leak can occur if you do stupid things in any of those steps.
You must do all steps when creating an offline wallet when Internet connection is disconnected. After creating it, that device should be kept air-gaped and not connect to Internet.
And how you store your backups is important too. If your backups lost to someone else, they can access your bitcoins.
Leak can occur if you do stupid things in any of those steps.
caution when confusing the words cold vs offline
back in the good old days we had no concept of "offline"(hardware wallets) we had paper wallets and backups as 'offline'
our usage of the words cold or hot were for home use(private internet access pc) vs server use(public access)
offline vs online were about
paper/wallet.dat backups/airgapped
vs
node imported/used wallets/keys
if keys were truly generated in an (airgapped) offline method where the keys were never exposed to a Pc that uses the internet.. then the only risk is some greedy relative being nosey in your house(or a burglar)
back in the good old days we had no concept of "offline"(hardware wallets) we had paper wallets and backups as 'offline'
our usage of the words cold or hot were for home use(private internet access pc) vs server use(public access)
offline vs online were about
paper/wallet.dat backups/airgapped
vs
node imported/used wallets/keys
if keys were truly generated in an (airgapped) offline method where the keys were never exposed to a Pc that uses the internet.. then the only risk is some greedy relative being nosey in your house(or a burglar)
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
I don't believe that story yet, so I'll answer only about the question on the offline wallet.
An offline wallet can be hacked into if the user is (very) sloppy and unlucky:
* use of USB to transfer things (usually unsigned/signed transactions) in/out of that device
* storing (or handling!) wallet backups, seed backups and similar information on the online/hot computer, or even worse, on e-mail or cloud
* doing regular backups of the offline computer and keeping the backups somewhere accessible from the internet
* also, obviously, actual access of somebody in the house (or bank/safety deposit or wherever people keep them) and stealing backups of wallets or seed
When a person is too smart like a btc developer, he is easier to get fucked.
It depends. Sometimes a person thinks he/she's so smart(and so confident, in this case with his wallet security setup) that he/she gets complacent. Even smart and very technical people can get really careless.
i am quite disappointed for he's okay with storing btc on a compromised server.
I don't know what he was thinking. To me, even a noobie knows the importance of a hardware wallet. Maybe because two negatives make a positive?
When a person is too smart like a btc developer, he is easier to get fucked.
Maybe a simple negligence costed him a lot, yes he maybe a smart ass but not everyone can keep everything at its perfect all the time so possibly he was phished or something else happened so the key was compromised and caused the hacker to get access to his device.I don't know what he was thinking. To me, even a noobie knows the importance of a hardware wallet. Maybe because two negatives make a positive?
When a person is too smart like a btc developer, he is easier to get fucked.
As far as OP is concerned offline wallet and cold wallet are completely different, what I refer an offline wallet is never ever stored the key on any digital medium is offline and its impossible to hack the wallet.
i am quite disappointed for he's okay with storing btc on a compromised server.
I don't know what he was thinking. To me, even a noobie knows the importance of a hardware wallet. Maybe because two negatives make a positive?
When a person is too smart like a btc developer, he is easier to get fucked.
I don't know what he was thinking. To me, even a noobie knows the importance of a hardware wallet. Maybe because two negatives make a positive?
When a person is too smart like a btc developer, he is easier to get fucked.
I think the hack is happen because Luke Dashjr wasn't aware if PGP key can be hacked and it's his own careless for give access to his hardware wallet, I don't see any possibility hardware wallet can be hacked through online if it's never get connected.
Holding 200 BTC in one wallet is not a wise idea to be honest, he need to split it to 5 or 10 hardware wallets to reduce such kind bad happen.
Holding 200 BTC in one wallet is not a wise idea to be honest, he need to split it to 5 or 10 hardware wallets to reduce such kind bad happen.
Can offline wallet be hacked the answer is yes https://www.youtube.com/watch?v=dT9y-KQbqi4
It's different case since Joe Grand was cracking the hardware wallet, while Luke Dashjr got hacked via online, the hacker doesn't get his hardware wallet. 
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
You know OP this is just my understanding, hackers can hack when they have an active internet data connection, without it they can't do their evil plan as a hacker in terms of offline wallets here in the cryptocurrency.
But if I use google it is still possible to hack your mobile or pc based on what I saw
5 Ways an Offline PC Can Be Hacked
Hacks like this have never been because of a flaw in a cold storage setup but a flaw in the user himself.
In other words as long as a cold storage remains cold, it can not be hacked. For example you can never "hack" my paper wallet I have in my desk drawer but if you invade my home you can steal it now that I told you where it is (hypothetical scenario)!
I'll wait for more solid information on how this hack was taken place but if we assume this is real (not tax evasion
) then as @franky1 said it seems like he infected his wallet on his own, as a mistake.
In other words as long as a cold storage remains cold, it can not be hacked. For example you can never "hack" my paper wallet I have in my desk drawer but if you invade my home you can steal it now that I told you where it is (hypothetical scenario)!
I'll wait for more solid information on how this hack was taken place but if we assume this is real (not tax evasion
) then as @franky1 said it seems like he infected his wallet on his own, as a mistake.Now my question is how a big bitcoin developer like him lost access to his offline wallet.
To err is human! 
as long as the offline wallet is not linked to the online wallet it's safe I guess,
Can offline wallet be hacked the answer is yes https://www.youtube.com/watch?v=dT9y-KQbqi4
So what are the risks of using offline wallets? there is always the risk the biggest risk is we sometimes forget about the pin like the video I showed you above and offline wallet is pretty much safe than online wallet since online hack its happen all the time
So what are the risks of using offline wallets? there is always the risk the biggest risk is we sometimes forget about the pin
like the video I showed you above and offline wallet is pretty much safe than online wallet since online hack its happen all the time 
So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
An offline wallet cannot be directly hacked, but if you link the private keys to an online sorage system, that can be hacked and once your keys are revealed, the hacker can make away with the bitcoins regardless of whether it's online or offline.In a later tweet he hinted that this could have been due to a compromise on bitcoinknots, which Luke helps develop and maintain.
It's an unfortunate loss and a significant one at that.
If there's any take away from this, it's not to get complacent with your wallet security.
reading the tweets..
it seems he had a trojan on his online server.. and possibly backed up that server to his home Pc thus infecting his home PC(he was transitioning to a new server)
certain terms are mixed messages
before there were even hardare wallets and seeds and all the different types of ways to back up
hot=on a CEX server where public acess the server.
cold was your home full node(independant node not on a server)
airgapped/paper wallet were refered to as offline
in short cold did not dictate to mean offline, it just meant not on a server with public access
i remember a few years back trying to suggest a term of "warm wallet" for home node that were online when the confusion of cold wallet definitions first started stirring up because OG cold was not offline but newbie cold thought it meant offline
but "warm" didnt catch on as a buzzword to define the difference between server hot vs home node cold
it seems he had a trojan on his online server.. and possibly backed up that server to his home Pc thus infecting his home PC(he was transitioning to a new server)
certain terms are mixed messages
before there were even hardare wallets and seeds and all the different types of ways to back up
hot=on a CEX server where public acess the server.
cold was your home full node(independant node not on a server)
airgapped/paper wallet were refered to as offline
in short cold did not dictate to mean offline, it just meant not on a server with public access
i remember a few years back trying to suggest a term of "warm wallet" for home node that were online when the confusion of cold wallet definitions first started stirring up because OG cold was not offline but newbie cold thought it meant offline
but "warm" didnt catch on as a buzzword to define the difference between server hot vs home node cold
Until now a warning message from bitcoin forum was "Don't keep Your Money in Online Accounts/wallets" but it's sad to hear that a bitcoin developer's account was hacked and $3.6M(200BTC) assets were hacked from his online and offline wallets. has been So the only question we all have is how a hacker can hack or gain access to his offline wallet security password.
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
Bitcoin core developer Luke Dashjr lost Pretty Good Privacy (PGP) his offine and Online Accounts/ wallets and lost more than 200BTC.
Now my question is how a big bitcoin developer like him lost access to his offline wallet. So what are the risks of using offline wallets?
@LukeDashjr tweet: https://twitter.com/LukeDashjr/status/1609613748364509184?s=19
CryptoGlobe
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