1 year ago

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In this video, I discuss Bitcoin Core developer Luke Dashjr's Bitcoin getting stolen.

This was not a Bitcoin hack or vulnerability. Rather, it appears that Luke was storing his Bitcoin private keys in some form of hot wallet, or with encrypted keys being held on a vulnerable server.

Large holdings of Bitcoin should always instead be held in cold storage, using either single sig or multi-sig.

Never let your private keys or recovery seed (12 or 24 words) touch the internet.

Not investment advice! Consult a financial advisor.

The Best Ways To Store Small and Medium Amounts of Bitcoin:
https://www.youtube.com/watch?v=rTIl7...

Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
https://www.youtube.com/watch?v=e27pC...

Bitcoin Core:
https://bitcoin.org/en/bitcoin-core/

Luke Dashjr:
https://en.bitcoinwiki.org/wiki/Luke_...

Luke alerts the world re his PGP:
https://twitter.com/LukeDashjr/status...

Luke Bitcoin transactions:
https://mempool.space/tx/432ded946431...
https://mempool.space/tx/c38a3210fbb7...
https://mempool.space/tx/4b3cde50e2bc...
https://mempool.space/tx/50df1eab0bf2...

Final balance at thief's address:
https://mempool.space/address/1YAR6op...

Luke's server accessed in November 2022:
https://twitter.com/LukeDashjr/status...

Peter Todd asserts that Luke's loss is real:
https://twitter.com/peterktodd/status...

Luke may not have had a recovery seed:
https://twitter.com/LukeDashjr/status...

Is this a Bitcoin vulnerability?
https://twitter.com/mosspuppet/status...

Udi gives bad advice re self-custody:
https://twitter.com/Pledditor/status/...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#crypto

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

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