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Cryptocurrency News Articles

FBI Probes Bitcoin Core Gathering Amid Missing Cryptocurrency Case

Apr 11, 2024 at 02:00 pm

The FBI has subpoenaed information on attendees of the October 2022 Bitcoin Core Developer Meeting (CoreDev Atlanta 2022) in connection with its investigation into the theft of Bitcoin Core developer Luke Dashjr's Bitcoins. The subpoena, issued to Brink director Mike Schmidt, sought GitHub usernames, first and last names, and email addresses of attendees. Schmidt expressed regret over the breach of privacy and stated that he was legally obligated to cooperate with the FBI.

FBI Probes Bitcoin Core Gathering Amid Missing Cryptocurrency Case

FBI Scrutinizes Bitcoin Core Developer Gathering Amid Stolen Bitcoin Investigation

Atlanta, Georgia - An FBI investigation into the theft of Bitcoin Core developer Luke Dashjr's Bitcoins has taken an unexpected turn, with the agency issuing a subpoena demanding information on attendees of a recent developer gathering.

The investigation stems from an incident reported by Dashjr in January 2023, in which he claimed that a significant portion of his BTC holdings had been stolen from his storage wallets. The theft, he detailed, was facilitated by the compromise of a PGP (Pretty Good Privacy) key, leading to a breach that compromised his digital assets.

In an email to attendees of the CoreDev Atlanta 2022 conference held in October 2022, Mike Schmidt, Director at Brink—a charitable organization that funds open-source developers—revealed that the FBI had issued a subpoena demanding the following information on those who were part of the gathering:

  • GitHub usernames
  • First and last names
  • Email addresses

"The original subpoena requested much more information, but after pushback, the FBI agent agreed to the following subset of information about you, which I provided," Schmidt revealed.

Schmidt expressed regret over this privacy breach, stating, "I apologize for this breach of your private information. Please email me if you have any questions."

The implications of this subpoena on the broader Bitcoin development community and on principles of privacy and security within the space remain to be seen. The incident underscores the persistent challenges faced by individuals and organizations in safeguarding digital assets against sophisticated cyber threats.

Background: Luke Dashjr's Stolen Bitcoins

Dashjr is a central figure behind the Bitcoin blockchain's development and a staunch advocate for the cryptocurrency's decentralization principle. On January 1, 2023, he publicly disclosed that a "significant portion" of his BTC holdings had been stolen from his storage wallets on New Year's Eve.

The theft, estimated at approximately $3.6 million, occurred despite Dashjr's use of both 'hot' and 'cold' wallets, highlighting the sophistication of the cybercriminals involved. Dashjr's online plea for help and subsequent confirmation of the theft brought immediate attention to the incident.

The peculiar circumstances surrounding the theft, including prior security breaches reported by Dashjr, have added layers of complexity to the ongoing FBI investigation. As the investigation unfolds, the impact of the subpoena on the Bitcoin development community and the broader implications for digital asset security will continue to be monitored closely.

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