The series of cryptocurrency-related kidnappings that have taken place in recent months has prompted the “Bitcoin Family” to exercise caution. The family, which lives off cryptocurrencies, has reviewed its security measures, employing some rather original techniques.
The “Bitcoin Family” reviews its security measures
The rise in kidnappings and extortion attempts has sent shivers down the spines of figures in the cryptocurrency world. This includes the “Bitcoin Family,” a family that left everything behind to devote themselves to BTC.
The family has revealed that it has taken new measures to protect itself. Its members have split the 24-word recovery phrase for their main wallet into several pieces. These have been scattered around the world, from Europe to South America. They are stored on metal devices that are resistant to the elements.
In addition, the family now uses a multi-signature system, meaning that no single person can unlock the funds. The Bitcoin Family also travels with little cash, as confirmed by father Didi Taihuttu on CNBC:
We’ve changed everything. Even if someone pointed a gun at me, I couldn’t give them more than what’s in my phone wallet. And that’s not much.
The Bitcoin Family will also avoid France, a country where several large-scale crypto kidnappings have taken place in recent months. They are not alone: other influencers have confirmed that they have taken significant security measures to avoid being kidnapped.
