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2026 Proof of Custody. Published by Onramp Bitcoin. Editorial Independence.PrivacyTermsproofofcustody.io
The timeline
Self-custodyJanuary 2023The Great Unwind

Luke Dashjr

The holder reported that his PGP key was compromised and that bitcoin was taken from systems under his control.

By Steve L, Editorial Lead·Reviewed by Proof of Custody Editorial
Published Aug 3, 2026
Reported loss
~200 BTC reported

Self-reported by the holder, a long-standing Bitcoin Core contributor. The precise compromise vector remains disputed publicly.

What it should change

Deep technical expertise is not a custody architecture. If one machine's compromise can reach the keys, the setup has one failure domain regardless of who is operating it.

Which setups this class of failure could reach

These are the custody configurations structurally exposed to this kind of event. It describes the failure class, not any individual holder.

Self-custody, single signature

Whether your own arrangement sits in one of those groups is the question our Custody Independence Standard is designed to answer, and the four questions in Is your custody setup actually safe? walk through it.

Sources

Holder's public statements

Figures are as reported by the named sources. Proof of Custody has not independently reproduced the underlying analysis.

← Earlier
BlockFi
November 2022
Later →
Prime Trust
2023
How to cite
Proof of Custody, "Luke Dashjr" incident record, proofofcustody.io/incidents/luke-dashjr-2023
Frequently asked questions
What happened to Luke Dashjr?+

The holder reported that his PGP key was compromised and that bitcoin was taken from systems under his control. Reported loss: ~200 BTC reported.

What should Luke Dashjr change about how I hold bitcoin?+

Deep technical expertise is not a custody architecture. If one machine's compromise can reach the keys, the setup has one failure domain regardless of who is operating it.

Which custody setups were exposed to the Luke Dashjr failure?+

This class of failure could reach: self-custody, single signature. It describes the failure class rather than any individual holder.

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