‘Bitcoin Family’ revamps safety after crypto crime wave

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Didi Taihuttu, patriarch of the so-called “Bitcoin Family,” has overhauled his digital asset safety setup following a wave of violent assaults concentrating on crypto holders. 

The household, recognized for going all-in on Bitcoin in 2017, now hides parts of their non-public keys throughout 4 continents. In a CNBC interview, Taihuttu mentioned he now makes use of a hybrid method as a substitute of relying solely on {hardware} wallets. 

Taihuttu advised CNBC that the household has modified all the pieces. “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,” he mentioned. 

The safety overhaul comes amid a wave of felony exercise, together with kidnappings and extortion makes an attempt aimed toward crypto customers. Taihuttu mentioned the threats pressured them to rethink their safety technique.

Keys cut up, encrypted and saved globally

The household’s seed phrase is encrypted and cut up into 4 elements. Taihuttu mentioned it’s saved utilizing blockchain-based companies and fireproof metallic plates etched by hand. The plates are then hidden in bodily places worldwide, permitting the household to remove potential factors of failure of their safety system. 

Taihuttu added a layer of private encryption to additional strengthen the setup by modifying some phrases within the seed phrase, making them unusable with out the right context. 

The household lives a nomadic life-style, travelling globally to advertise Bitcoin. Because of the growing risk to crypto holders, Taihuttu mentioned the household now not posts real-time updates about their location on-line after receiving threats from people who tracked them utilizing social media. 

Taihuttu mentioned about 65% of the household’s belongings are actually held in chilly storage below their new safety mannequin. Their sizzling wallets for buying and selling and bills are protected via multisignature protocols. 

Related: Streamer Amouranth claims she was robbed at gunpoint over crypto fortune

Crypto-linked crimes spike as digital belongings surge

As digital asset costs rise, so have incidents of crypto-related crime. In late 2024 and early 2025, high-profile circumstances emerged in France, Pakistan, Australia and Canada, linking violent crimes to crypto possession.

In January, gang members within the United Kingdom have been convicted of kidnapping, torturing and extorting a crypto investor. In February, six males kidnapped a household of three in Chicago, demanding the switch of $15 million in crypto. 

In March, streamer Kaitlyn Siragusa, often called “Amouranth” on-line, turned a sufferer of a house invasion, the place the perpetrators held her at gunpoint, demanding the switch of crypto belongings. In May, South Korean police arrested a Russian nationwide after a failed $730,000 crypto theft. 

On May 13, three masked males tried to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of French crypto change Paymium. The suspects attacked Noizat’s daughter and a male associate whereas she was strolling together with her son in Paris. 

The male associate was assaulted whereas Noizat’s daughter resisted, taking one of many weapons from the assailants. People passing by ultimately intervened, forcing the attackers to flee the scene.

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