Executives are being hunted—now they’re hiding keys across continents.
A wave of kidnappings targeting cryptocurrency executives has sparked new security tactics, with figures like Didi Taihuttu of the “Bitcoin Family” going to extremes. Taihuttu, who lives unbanked and off-grid, says his family’s setup is now a hybrid of analog and digital protections. Their crypto seed phrases are split, encrypted, and hidden across four continents to reduce risk.
“We’ve changed everything,” Taihuttu said, noting that even under duress, he couldn’t give up more than what’s stored on his phone wallet—just a small amount.
These changes come after disturbing incidents: in France, a Ledger wallet co-founder and his wife were kidnapped in a ransom scheme; in New York, a 28-year-old tourist was tortured for over two weeks as attackers tried to extract his bitcoin password.
Separately, the recent $400 million Coinbase breach underscores another vulnerability: the sensitive data surrounding crypto—not just the assets—can be equally valuable to hackers. Experts say better behavior monitoring, limited access, and security awareness are critical to defending against such sophisticated attacks.
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