Bitcoin Familys Radical Security Shift: Protecting Crypto Keys Across Four Continents

Didi Taihuttu, recognized as the leader of the «Bitcoin family,» has completely transformed the way assets are stored. This shift was prompted by a surge in offline crimes targeting cryptocurrency owners, as reported by CNBC.

The Taihuttu family gained notoriety in 2017 after selling all their possessions and investing the proceeds into Bitcoin.

Over the past eight months, they have moved away from hardware wallets. Now, the family employs a hybrid system where their seed phrases are encrypted, divided into portions, and concealed across four continents.

Some information is stored in an encrypted format on a blockchain, while the rest is engraved on metal plates hidden in secure locations. Additionally, Taihuttu has implemented personal encryption strategies by modifying certain words in the phrases.

«Even if a gun were held to my head, I wouldn’t be able to give away more than what’s in my phone’s wallet. And there’s not much there,» said Taihuttu.

Approximately 65% of the family’s assets are kept in cold storage across four continents, requiring at least one international flight to access. Taihuttu intends to tap into this capital only if Bitcoin hits $1 million, a milestone he anticipates could be reached by 2033.

For daily expenses and trading, the family utilizes hot wallets with multi-signature technology through Safe. This setup necessitates approvals from multiple parties for transactions. Taihuttu mentioned that he favors decentralized solutions over centralized storage options.

«What happens if one of these companies goes bankrupt? Will I still have access? You’re essentially putting your capital back in someone else’s hands,» he believes.

The threats have also impacted the family’s public life. Taihuttu stopped sharing his location after strangers began sending him messages regarding his home address. The family decided to move and completely avoid filming at their residence.

«My children also follow the news. They particularly remember the story from France where the daughter of [Paymium CEO Pierre Noizat] was almost kidnapped on the street. Now they are asking tough questions: what if someone tries to abduct us? What’s our plan?» shared Taihuttu.

Due to safety concerns for his daughters, the family has decided to completely avoid trips to France and is considering stepping back from the public eye.

It’s worth noting that in May, law enforcement conducted arrests in three countries related to suspected Bitcoin extortion activities.