The Bitcoin investing family "Taihuttu family" has decentralized the storage of their cryptocurrency mnemonic phrases across four continents to address kidnapping threats

According to ChainCatcher, as reported by Cryptonews, due to the increasing kidnapping threats faced by cryptocurrency holders, the Bitcoin investor family "Taihuttu family" has revealed that they have abandoned hardware wallets and instead dispersed their cryptocurrency mnemonic phrases across four continents.

Taihuttu stated that over the past eight months, they have adopted a hybrid storage system: splitting the encrypted mnemonic phrases, with some engraved on fireproof steel plates hidden across four continents, while the rest is stored using blockchain-based encryption services. Even when threatened with a gun, he can only provide a limited amount of assets from his mobile wallet.

This decision stems from the rise in physical attacks targeting cryptocurrency holders. Recently, Moroccan police arrested a suspect in the kidnapping of a cryptocurrency executive; the father of a cryptocurrency millionaire in France was brutally attacked; and a tourist in New York was kidnapped and tortured for two weeks, with the kidnappers attempting to obtain 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.