TechFlow news, June 9 — According to Cryptonews, due to growing kidnapping threats facing cryptocurrency holders, the Bitcoin-investing "Taihuttu family" revealed they have abandoned hardware wallets and instead dispersed their cryptocurrency recovery phrases across four continents globally.
The Taihuttus said that over the past eight months, they adopted a hybrid storage system: encrypted recovery phrases are split, with portions engraved onto fireproof steel plates hidden across four continents, while the rest are stored via blockchain-based encryption services. Even under armed threat, they can only provide access to limited assets held in mobile wallets.
This decision comes amid rising physical attacks targeting cryptocurrency holders. Recently, Moroccan police arrested a suspect accused of kidnapping a crypto executive; the father of a French cryptocurrency millionaire was brutally assaulted; and a tourist in New York was kidnapped and tortured for two weeks as captors attempted to extract his Bitcoin credentials.
Currently, approximately 65% of the Taihuttu family's crypto assets are stored in cold wallets across four continents, while the remainder is kept in multi-signature wallets or decentralized exchanges for trading and daily expenses.
