- Didi Taihuttu and the “Bitcoin Family” changed their crypto security measures after a rise in violent attacks on digital asset holders.
- The family now splits their private keys into four encrypted parts stored across different continents.
- The new method uses both blockchain services and physical metal plates for storage.
- Security changes follow a series of kidnappings, robberies, and extortion cases linked to cryptocurrency owners worldwide.
- The family has moved about 65% of their digital assets into cold storage and now keeps minimal funds in hot wallets.
Didi Taihuttu, known as the leader of the “Bitcoin Family,” has upgraded his family’s crypto security system after a recent surge of violent crimes targeting cryptocurrency owners. The family, who became known for investing all their assets in Bitcoin in 2017, now stores fragments of their private keys in secret locations across four continents.
In an interview with CNBC, Taihuttu explained that they now use a combination of digital and physical security. Portions of the family’s seed phrase—a sequence of words that grants access to their crypto—are encrypted and split into four parts. They store these sections using both blockchain-based platforms and hand-etched, fireproof metal plates, each hidden at a different international site.
“Even if someone held me at gunpoint, I can’t give them more than what’s on my wallet or my phone. And that’s not a lot,” Taihuttu told CNBC, highlighting that security upgrades came after the family received threats and criminal attempts tied to their visible crypto holdings.
To strengthen defenses, Taihuttu added additional encryption by changing some words in their seed phrase so that the true phrase is incomplete without proper context. The family also takes steps for personal safety, such as stopping real-time social media updates to hide their location.
About 65% of the family’s assets are now held in “cold storage,” or offline wallets that are harder for criminals to access. Funds for quick use or trading are kept in “hot wallets,” which are connected to the internet but are protected with multisignature protocols. These require several approvals to complete a transaction, making unauthorized access harder.
As the price of digital assets has increased sharply, so have crimes aimed at crypto holders. Recent high-profile attacks occurred in countries including France, Pakistan, Australia, Canada, the United States, and South Korea. In one instance, gang members in the U.K. received convictions for kidnapping and extorting a crypto investor. Another case involved six men abducting a family in Chicago, demanding $15 million in crypto for their release.
Recent incidents also include streamer Kaitlyn Siragusa—known as “Amouranth”—who was reportedly held at gunpoint during a home invasion where robbers tried to seize her crypto assets. In Paris, attackers attempted to kidnap the family members of a French crypto exchange CEO, but were forced to flee after passersby intervened.
You can read more on this development in the original CNBC report here.
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