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#SouthKoreaCryptoPolicy
Bitcoin Family’ revamps security after crypto crime wave.
Didi Taihuttu, patriarch of the so-called “Bitcoin Family,” has overhauled his digital asset security setup following a wave of violent attacks targeting crypto holders.
The family, known for going all-in on Bitcoin in 2017, now hides portions of their private keys across four continents. In a CNBC interview, Taihuttu said he now uses a hybrid approach instead of relying solely on hardware wallets.
Taihuttu told CNBC that the family has changed everything. “Even if someone held me at gunpoint, I can’t give them more than what’s on my wallet or my phone. And that’s not a lot,” he said.
The security overhaul comes amid a wave of criminal activity, including kidnappings and extortion attempts aimed at crypto users. Taihuttu said the threats forced them to rethink their security strategy.
Keys split, encrypted and stored globally
The family’s seed phrase is encrypted and split into four parts. Taihuttu said it’s stored using blockchain-based services and fireproof metal plates etched by hand. The plates are then hidden in physical locations worldwide, allowing the family to eliminate potential points of failure in their security system.
Taihuttu added a layer of personal encryption to further strengthen the setup by modifying some words in the seed phrase, making them unusable without the proper context.
The family lives a nomadic lifestyle, travelling globally to promote Bitcoin. Because of the increasing threat to crypto holders, Taihuttu said the family no longer posts real-time updates about their location online after receiving threats from individuals who tracked them using social media.
Taihuttu said about 65% of the family’s assets are now held in cold storage under their new security model. Their hot wallets for trading and expenses are protected through multisignature protocols.
Bitcoin Family’ revamps security after crypto crime wave.
Didi Taihuttu, patriarch of the so-called “Bitcoin Family,” has overhauled his digital asset security setup following a wave of violent attacks targeting crypto holders.
The family, known for going all-in on Bitcoin in 2017, now hides portions of their private keys across four continents. In a CNBC interview, Taihuttu said he now uses a hybrid approach instead of relying solely on hardware wallets.
Taihuttu told CNBC that the family has changed everything. “Even if someone held me at gunpoint, I can’t give them more than what’s on my wallet or my phone. And that’s not a lot,” he said.
The security overhaul comes amid a wave of criminal activity, including kidnappings and extortion attempts aimed at crypto users. Taihuttu said the threats forced them to rethink their security strategy.
Keys split, encrypted and stored globally
The family’s seed phrase is encrypted and split into four parts. Taihuttu said it’s stored using blockchain-based services and fireproof metal plates etched by hand. The plates are then hidden in physical locations worldwide, allowing the family to eliminate potential points of failure in their security system.
Taihuttu added a layer of personal encryption to further strengthen the setup by modifying some words in the seed phrase, making them unusable without the proper context.
The family lives a nomadic lifestyle, travelling globally to promote Bitcoin. Because of the increasing threat to crypto holders, Taihuttu said the family no longer posts real-time updates about their location online after receiving threats from individuals who tracked them using social media.
Taihuttu said about 65% of the family’s assets are now held in cold storage under their new security model. Their hot wallets for trading and expenses are protected through multisignature protocols.
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