Altcoin Bitcoin Cash (BCH) has become the field of study of intense speculation after a major investor claimed he lost $30 meg in a wallet hack.

In a at present-deleted Reddit mail from February. 22, the investor, who appears to be Dreamhost founder Josh Jones, said the assaulter also stole i,500 Bitcoin (BTC) worth $14.4 million.

Hacker steals reported $45M

The hack came in the class of Jones' SIM bill of fare being compromised. So far, he has not confirmed whether this was a so-called "SIM swap," or whether the funds were commandeered by other means.

In the deleted post, Jones appealed to BCH miners non to validate the transactions. He wrote:

"It'southward only had 3 confirmations, if whatsoever miners/the customs tin can assistance somehow, I've got the private keys. Help help help.. Big reward plain."

Commenting on the events, Dovey Wan, founding partner at crypto asset fund Archaic Ventures, warned that the impact would go far beyond Jones himself.

In a series of tweets, Wan reproduced the Reddit post, criticizing Jones for keeping such a large amount of cryptocurrency in a wallet accessible simply from his smartphone. She described the assault as "really savage."

Wan: BCH drama will issue in "slow death"

Subsequently, Wan added that the hacker was splitting up the stolen funds, likely in an attempt to muffle their origin and brand them easier to sell on exchanges.

"RIP BCH .. but a double-spent can aid this poor guy at present," she wrote, standing that Bitcoin Greenbacks as a cryptocurrency faced a meaning threat:

"No matter what, this 60000 $BCH hack, the dispute among BCH camp betwixt Ver and Jihan, all these will mark a slow death of it."

As Cointelegraph reported, Bitcoin Cash has seen diverse contentious events throughout its lifespan, including a difficult fork in 2022 which resulted in the creation of another altcoin, Bitcoin SV (BSV).

It is unclear which other problems Wan was referencing when she mentioned two of its leading figures — Bitmain executive Jihan Wu and Bitcoin.com founder Roger Ver.

At printing time, BCH/USD had barely reacted to the hack, slipping just 1% on the twenty-four hours to merchandise at $373. Year to appointment, the pair is still up over 80%.