Kidnapping of pro in the crypto world is frequently reported! The "Bitcoin family" has abandoned the hardware wallet and has dispersed their private keys across four continents.

As a wave of kidnappings targeting Crypto Assets holders swept across the globe, one of the legendary figures in the crypto world, Didi Taihuttu, the father of "Bitcoin Family," took extreme yet innovative protective measures: abandoning hardware wallets and opting for decentralized storage, hiding the Private Key of Bitcoin across four continents to drop the risk of being kidnapped or extorted.

The wave of crypto kidnappings is coming, and the "Bitcoin family" is upgrading their security defenses comprehensively.

In recent years, kidnapping incidents targeting crypto assets holders have been rampant. From France to the United States, some well-known crypto entrepreneurs and their families have suffered violent treatment, with horrifying details such as severed fingers and electric shocks reported. These incidents have shocked the entire industry and placed public figures like the Taihuttu family, known as "Bitcoin evangelists," at even greater risk.

"We have changed everything." Taihuttu said during an interview in Phuket, Thailand, "Even if someone points a gun at me, I can only hand over that little bit of Crypto Assets in my phone. And that’s not much."

No longer trust hardware wallets, turning to "distributed steel plate storage"

As early as 2022, Taihuttu revealed that he hid his crypto hardware wallets in various locations around the world, from short-term rentals in Europe to storage rooms in South America. Now, he has taken it a step further by abandoning all hardware wallets in favor of a hybrid storage method that combines blockchain encryption technology with physical steel plates.

This new system divides a set of 24 seed words into 4 groups, with 6 words in each group, hidden across four continents. Some are stored securely using blockchain platforms, while others are engraved on fireproof steel plates, handcrafted using hammers and letter molds.

Taihuttu also added an extra layer of security — changing some seed words (seed phrase), so that even if others obtain most of the content, they cannot fully restore it. "You just need to remember which words you changed," he added.

Decentralization is not just about assets, but also about spreading risks.

Taihuttu, after selling their property and all their belongings in 2017, chose to go "all in" on Bitcoin and has since completely avoided relying on banks. They travel around the world with their three daughters, living off Crypto Assets long-term. Nowadays, security issues have become the main topic of family meetings, even affecting their travel plans.

"We originally planned to go back to Europe, but decided not to go to France anymore," Taihuttu said, "because the daughters have also started asking: what should we do if someone comes to kidnap us?"

The kidnapping trend has given rise to new demands for insurance and security technologies.

As attack incidents increase, insurance companies are launching "kidnap and ransom policies" (K&R policies) aimed at Crypto Assets investors. The CEO of the hardware wallet company Exodus, JP Richardson, also urges users to proactively enhance security, including using multi-signature Wallets and diversifying funds across various Wallet types.

Such a multi-layered protection mechanism is not limited to technology, but even extends to geographical aspects. Taihuttu's cold Wallets are spread across four continents, accounting for about 65% of the family's total Crypto Assets, while the rest uses multi-signature hot Wallets to handle daily expenses and transactions.

MPC and multi-signature Wallets become a new trend in asset protection

In addition to traditional multi-signature wallets, Taihuttu is also focusing on another security technology - Multi-Party Computation (MPC). This technology breaks the Private Key into several encrypted fragments, which are stored separately in different entities or systems, and transactions must be authorized by multiple parties before execution, further dropping the risk of "single point of failure."

These trends are closely related to users' distrust of centralized platforms. For example, the recent data breach incident at Coinbase has led more people to prefer decentralized exchanges (DEX). Taihuttu also stated that currently, 80% of his transactions are completed on decentralized platforms like Apex.

Asset diversification, aiming directly at one hundred million US dollars.

Although Taihuttu has not disclosed his total assets, he revealed that the goal for this bull market is to reach a net worth of 100 million dollars, with 60% still in Bitcoin, while the rest is distributed among tokens like Ethereum, SOL, LINK, SUI, and new venture investments related to artificial intelligence and education, including his own blockchain education platform.

However, as exposure increases, he also began to consider stepping back from the public eye. "I love creating content, but if it is no longer safe for my daughter, I will reassess everything."

This article reports frequent kidnappings of major figures in the crypto space! The "Bitcoin family" has abandoned hardware wallets and is dispersing their private keys across four continents. This was first reported by Chain News ABMedia.