According to a CNBC report, the Taihuttu clan, known as the “Bitcoin Family,” has revamped its security setup in light of rising cryptography-related aidizations around the world.
No more hardware wallets: Taihuttu family has extreme cold storage
Didi Taihuttu told CNBC’s Mackenzie Sigalos that his family abandoned their hardware wallet in favor of a multi-continental approach, splitting and encrypting four separate intercontinental seed phrases. Their hybrid systems are digital and physical: Married with recovery phrases, engraved on fire-resistant steel sheets, hidden in selected places in selected countries.
Their motivation? An increase in adduction targeting cryptographic holders and their relatives. “We’ve become a bit more famous in our niche market, but that niche is now becoming a really big market,” Taihotu shared with Sigaros. He added:
And I think we’ll see more and more of these robbers. Yes, we’re definitely going to skip France.
This is not the first time the Bitcoin Family has shared details of their global fund stock tactics. In August 2021, Taihuttu revealed that 74% of its digital assets are held in cold storage, spreading to hardware wallets across different countries. But their latest approach has phased out those devices completely. “When it comes to wallets, we are now completely without hardware wallets. We are no longer using hardware wallets,” Taihuttu said.
In a new interview, Taihuttu said 65% of family codes are stored in refrigerated storage and are invisible. They are now focusing on multi-party calculation (MPC) security to further strengthen their defenses. He also states that centralized exchange (CEXS) plays a minimal role in strategy, noting that around 80% of transactions are currently running through decentralized exchanges (DEX) platforms.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
