After a wave of cryptocurrency crimes, Didi Taihuttu and his "Bitcoin Family" renewed their security by splitting their Bitcoin passphrase across four continents.
"The Bitcoin Family" renews its security measures after a wave of cryptocurrency crimes
Didi Taihuttu, the patriarch of the so-called "Bitcoin Family," has revamped his digital asset security settings following a wave of violent attacks targeting cryptocurrency holders.
The family, known for its full investment in Bitcoin in 2017, is now hiding parts of its private keys across four continents. In an interview with CNBC, Taihuttu stated that he is now using a hybrid approach instead of relying solely on hardware wallets.
Taihuttu told CNBC that his family changed everything. He added, "Even if someone threatens me with a weapon, I can't give them more than what is in my wallet or phone. And that's not much."
This security overhaul comes amid a wave of criminal activities, including kidnappings and extortion attempts targeting cryptocurrency users. Taihuttu reported that the threats forced him to reconsider his security strategy.
The keys have been divided, encrypted, and stored globally
The family passphrase is encrypted and divided into four parts. Taihuttu reported that it is stored using blockchain-based services and handcrafted fire-resistant metal plates. These plates are then hidden in physical locations around the world, allowing the family to avoid potential vulnerabilities in its security system.
Taihuttu added a layer of personal encryption to further enhance the setup by modifying some words in the seed phrase, rendering it unusable without the proper context.
The family lives a nomadic life, traveling around the world to promote Bitcoin. Due to the increasing threats faced by cryptocurrency holders, Taihuttu stated that the family stopped posting real-time updates about their locations online after receiving threats from individuals who tracked them through social media.
Taihuttu stated that about 65% of the family's assets are now stored in cold storage under its new security model. Their wallets designated for trading and expenses are protected through multi-signature protocols.
Related: Influencer Amouranth claims she was robbed at gunpoint due to her cryptocurrency wealth
Increase in crimes related to cryptocurrencies with the rise of digital assets
With the rise in digital asset prices, incidents of cryptocurrency-related crimes have increased. In late 2024 and early 2025, high-profile cases in France, Pakistan, Australia, and Canada emerged, linking violent crimes to cryptocurrency ownership.
In January, gang members in the UK were convicted of kidnapping, torturing, and extorting a cryptocurrency investor. In February, six men kidnapped a family of three in Chicago, demanding a transfer of $15 million in cryptocurrency.
In March, streamer Kaitlin Siragusa, known online as "Amouranth," had her home invaded, where the perpetrators held her at gunpoint, demanding the transfer of her cryptocurrency assets. In May, South Korean police arrested a Russian citizen following a failed attempt to steal $730,000 worth of cryptocurrency.
On May 13, three masked men attempted to kidnap the daughter and grandson of Pierre Noyzat, co-founder and CEO of the French cryptocurrency trading platform Paymium. The suspects attacked Noyzat's daughter and her partner while they were walking with their son in Paris.
The partner was attacked, while Noyzat's daughter fought back and took one of the attackers' guns. Bystanders eventually intervened, forcing the attackers to flee the scene.
