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One of the original Bitcoin core developers losses all his BTC in hack

  • Bitcoin OG and core developer, Dashjr, claimed virtually all his bitcoins were stolen.
  • The hackers accessed the developer’s PGP key.
  • On November 17, 2022, Dashjr, noted his server had been compromised.

A Bitcoin OG and one of the original Bitcoin’s core developers, Luke Dashjr, has claimed that he virtually lost all his bitcoins after his Pretty Good Privacy (PGP) keys were compromised on December 31, 2022, just before the new year.

PGP key is a common security method that uses two keys to gain access to encrypted information.

In a post on Twitter on January 1, 2023, Dashjr was asking for help from the PSA:

“PSA: My PGP key is compromised, and at least many of my bitcoins stolen. I have no idea how. Help please.”

In a follow-up tweet, Dashjr appeared distressed asking why he could not reach anyone from the FBI or IC3 before following it up with a tweet containing a wallet address, which is believed to be one of the Bitcoin wallets where some of the stolen BTC was sent to.

“What the heck @FBI @ic3  why can’t I reach anyone???

Although Dashjr did not disclose how many bitcoins were stolen from his wallet, the wallet address that he shared showed four bitcoin transactions on December 31 that totalled to 216.93 BTC.

Dashjr server compromised in November 2022

Although the developer said that he had no idea as to how hackers gained access to his PGP key, some community members have drawn a possible connection to an earlier claim that Dashjr had made on November 17, 2022, that his server had been compromised by ““new malware/backdoors on the system.”

Unfortunately, Dashjr, says that he learnt of the hack after getting emails from Kraken and Coinbase about login attempts.

The hack also caught the attention of Binance CEO Changpeng Zhao (CZ) who consoled the developer on Twitter saying:

“Sorry to see you lose so much. Informed our security team to monitor. If it comes our way, we will freeze it. If there is anything else we can help with, please let us know. We deal with these often, and have Law Enforcement (LE) relationships worldwide.”

The post One of the original Bitcoin core developers losses all his BTC in hack appeared first on CoinJournal.

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Lido now has the highest TVL in DeFi after overtaking MakerDAO

  • Lido has overtaken MakerDAO in TVL in DeFi by $0.05 billion.
  • At press time, Lido had $5.96b DeFi TVL.
  • Lido seems to be benefitting from Ethereum’s merge upgrade.

At press time, Lido which specializes in liquid staking had a total value staked of $5.96 billion which is $0.05 billion higher than MakerDAO’s TVL of $5.91 billion according to Defillama. MakerDao has had the largest DeFi TVL for many years and the overtaking means Lido is gaining ground despite the ongoing crypto winter.

Besides, the increasing staked digital assets, the price of LDO, Lido DAO’s native token, has been on a consistent rise having gained over 18% in the past 7 days. It had surged by 14.67% in the past 24 hours at press time.

The rise of interest in Lido among decentralized finance participants is highly thought to be due to the increased demand for Ether staking solutions since Ethereum shifted to a proof-of-stake (PoS) consensus mechanism after the merge upgrade in September 2022.

Digital assets staked on Lido

According to Lido Finance’s website as of January 2023, Ether (ETH) was the largest staked digital asset with over $5.86 billion worth of staked ETH tokens. Solana follows closely with over $26.087 million worth of staked SOL tokens.

The other notables tokens staked on Lido include Polygon’s MATIC with over $45.093 million worth of staked MATIC tokens, Polkadot’s DOT with over $11.395 million worth of staked DOT tokens, and Kusama’s KSM with over $2.238 million worth of staked KSM tokens.

No 32 ETH min. needed to stake Ether on Lido

Lido’s model allows users to access Ethereum staking without having to commit the traditional minimum of 32 ETH to be allowed to stake Ether. This has greatly increased the number of people choosing to stake ETH on Lido compared to other DeFi staking platforms.

According to Lido’s staking model, users stake any amount of tokens including Ether and access daily staking rewards. In addition to the daily staking rewards, the users also receive liquid stTokens that can be used across DeFi to compound more to the daily staked rewards.

The post Lido now has the highest TVL in DeFi after overtaking MakerDAO appeared first on CoinJournal.