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Crypto Kidnappings Trigger New Wave of Security Measures

Crypto News

A string of kidnappings involving cryptocurrency executives has prompted some unique new security measures.

As CNBC reported Saturday (June 7), among those taking extra precautions is Didi Taihuttu, head of the so-called “Bitcoin Family.” He told the network he overhauled the family’s entire security setup following a string of threats.

According to the report, the Taihuttus have spent years on “the outer edge of crypto ideology,” traveling full-time and remaining completely unbanked.

In the last eight months, Didi Taihuttu said, the family has set aside hardware wallets and adopted a hybrid analog/digital system, using seed phrases encrypted, split and stored either through blockchain-based encryption services or hidden on…

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