Bitcoin Core developer hack highlights self-custody risks: Community responds

With one of Bitcoin’s original core developers claiming that his balance got drained by a hacker, the crypto community is at a loss at how “normal people” can succeed at securing their own Bitcoin (BTC).

In a recent thread, Luke Dashjr claimed that some alleged attackers had somehow accessed his PGP (Pretty Good Privacy) key, which is from an encryption program that creates cryptographic authentication.

Members of the crypto community voiced their concerns about how a Bitcoin core developer who is known for being security conscious could be compromised. Some believe that this makes it difficult for normal people to adopt or secure their Bitcoin.

In a post, a Twitter user was shocked by the news, believing that not many would be able to help the developer and that “there’s little hope for most.” They tweeted:

You’ve definitely been one of the most security conscious folks I’ve known in this space, so this is a little shocking. I’m not sure many would be able to have useful insight, unfortunately.

If this can happen to you, there’s little hope for most people, sadly.

— Jason Hughes (@wk057) January 1, 2023

Other community members echoed the sentiment and highlighted that if it could happen to Dashjr, there would be “no nope” for their grandma. A Twitter user also brought mass adoption to the conversation. They believe that if a top Bitcoin developer cannot keep his wallet secure, mass adoption is a “pipe dream.”

Meanwhile, Bitcoin analyst Namcios believes that these sentiments are not a fair assessment of the situation. The analyst highlighted that though Dashjr has a high level of Bitcoin knowledge, this doesn’t mean that he cannot make mistakes.

1/ This is not a good take. And CZ retweeting it is bad.

It *sucks* this happened and I feel very sorry for Luke.

But it’s not black & white like that.

There are levels to #Bitcoin security and often we concede on the convenience tradeoff.

It seems…

— Namcios (@namcios) January 1, 2023

Binance CEO Changpeng Zhao also responded to Dashjr’s Twitter thread asking the developer…


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