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The 'Bitcoin Family' renews security after wave of cryptocurrency-related crimes
Didi Taihuttu, patriarch of the so-called 'Bitcoin Family', has reviewed his digital asset security setup following a wave of violent attacks targeting cryptocurrency holders.
The family, known for betting everything on Bitcoin $BTC in 2017, now hides portions of their private keys across four continents. In an interview with CNBC, Taihuttu said he now uses a hybrid approach instead of solely relying on hardware wallets.
Taihuttu told CNBC that the family has changed everything. 'Even if someone pointed a gun at me, I can't give them more than what is in my wallet or on my phone. And that's not much,' he said.
The family, known for betting everything on Bitcoin $BTC in 2017, now hides portions of their private keys across four continents. In an interview with CNBC, Taihuttu said he now uses a hybrid approach instead of solely relying on hardware wallets.
Taihuttu told CNBC that the family has changed everything. 'Even if someone pointed a gun at me, I can't give them more than what is in my wallet or on my phone. And that's not much,' he said.
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🔴 The dark side of crypto: an investor was arrested in New York for kidnapping in exchange for a $BTC wallet password
— A crypto investor has been arrested in New York, accused of kidnapping and torturing a citizen of Italy. The goal was to extort the password to a bitcoin wallet.
— According to the prosecutor's office:
• the victim was held for several weeks
• beaten, electrocuted, threatened with death
• the victim managed to escape and contact the police
📉 The reputational consequences for the crypto market are toxic: such cases fuel the rhetoric about the "wild west" in digital assets and may increase pressure from regulators.
Historical fact: crypto has been the cause of violent crimes before — in 2017 in Ukraine, an EXMO analyst was kidnapped, and in 2020 in the Netherlands, the owner of a hardware wallet was tortured.
Security ≠ just a seed phrase. Subscribe — we will tell you how to protect yourself both online and in real life 🔴
#bitcoin #crypto #crime #BTCsecurity #$BTC $ETH $USDC
— A crypto investor has been arrested in New York, accused of kidnapping and torturing a citizen of Italy. The goal was to extort the password to a bitcoin wallet.
— According to the prosecutor's office:
• the victim was held for several weeks
• beaten, electrocuted, threatened with death
• the victim managed to escape and contact the police
📉 The reputational consequences for the crypto market are toxic: such cases fuel the rhetoric about the "wild west" in digital assets and may increase pressure from regulators.
Historical fact: crypto has been the cause of violent crimes before — in 2017 in Ukraine, an EXMO analyst was kidnapped, and in 2020 in the Netherlands, the owner of a hardware wallet was tortured.
Security ≠ just a seed phrase. Subscribe — we will tell you how to protect yourself both online and in real life 🔴
#bitcoin #crypto #crime #BTCsecurity #$BTC $ETH $USDC
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