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“My PGP key is compromised, and at least many of my bitcoins stolen”

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Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#22
post #3

This is the tweet: https://twitter.com/LukeDashjr/status/1609613748364509184

Ok, we changed to that from https://preview.redd.it/fovmtx7gjh9a1.jpg?auto=webp&s=d5b896.... Thanks!

Submitters: "Please submit the original source. If a post reports on something found on another site, submit the latter."

https://news.ycombinator.com/newsguidelines.html

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#23
post #9

As soon as trouble comes to paradise, they wonder why traditional institutions they dissed all along is not dropping everything and take up their case (FBI in this case).

Yeah FDIC is for loosers - we are stepping out of the matrix.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#24
I've never been a fan of crypto (despite holding some for diversification), but I think some tweaks could be made to make it safer and more reasonable without comprising what its proponents like about the system.

Crypto prtocols need a way to reverse transactions if the original address as well as some quorum of elected "supervisory overseers" agree [1] to it within a week or so. There should also be a mechanism to move the balance to another address with the original owner and these parties.

This wouldn't allow the "regulators" to themselves steal or coerce, but they could provide assistance in large thefts like this.

[1] Obviously the attacker would vote no, but a single yes from the true account owner would override.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#25

Would be interesting to know how his BTC were stolen. Because he is a BTC core developer, I believe he followed the best practices, like not writing down his password. So infection or keylogger?

he should been using a hardware wallet and the bulk of it should be on a paper wallet, in the vault of a bank or another real world institution. the hardware used to generate this key should be wiped out. so if he followed best practices, he didn't lose this money edit: just found out that the btc was stolen from a dedicated server on ColoCrossing. this makes no freaking sense. no server connected to internet should…

How on earth are normal people supposed to trust bit coin. When best practice is to treat it like paper money.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#28
post #18

If you hold a large amount of bitcoin your threat model should be way above the average person. It sounds like his infrastructure was specifically targeted. It can be very difficult to protect against targeted attacks from adversaries.

> It can be very difficult to protect against targeted attacks from adversaries.

Not really. The device used to sign transactions should never be connected to the Internet.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#29

Would be interesting to know how his BTC were stolen. Because he is a BTC core developer, I believe he followed the best practices, like not writing down his password. So infection or keylogger?

I am not a security person, but I can't help but wonder where the advice of not writing things down comes from? I think my wife's password book on her desk is a lot more safe than most computer experts.

Say your wife is a well known Bitcoin billionaire.

And your wife bought something from my eBay store. Now I have your home address.

And if I am a ruthless character then I quietly break into your house one day with th3e objective of leaving no sign I was ever there. Search for written down passwords, take a photo, leave.

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