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Exmo Bitcoin exchange chief executive kidnapped in Kiev

bbc.com

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Re: Exmo Bitcoin exchange chief executive kidnapped in Kiev

#4
Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis.

Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.

Re: Exmo Bitcoin exchange chief executive kidnapped in Kiev

#5

Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis. Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.

That will be a brutal task, knowing that doing it ensures your colleague will get tortured and be unable to stop the torture by giving up the bitcoins. Still, probably for the best.

Re: Exmo Bitcoin exchange chief executive kidnapped in Kiev

#8

Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis. Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.

That will be a brutal task, knowing that doing it ensures your colleague will get tortured and be unable to stop the torture by giving up the bitcoins. Still, probably for the best.

Or was it an inside job? Bitcoin is such bullshit garbage.

Re: Exmo Bitcoin exchange chief executive kidnapped in Kiev

#9

Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis. Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.

Exactly. For large amounts, keep the hardware wallet in a safe deposit box, not in your house.

Re: Exmo Bitcoin exchange chief executive kidnapped in Kiev

#10
post #9

Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis. Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.

Exactly. For large amounts, keep the hardware wallet in a safe deposit box, not in your house.

Or you can use the strengths of cryptocurrency and split a key between a safe deposit box, your home, and yourself, and require 2 of 3 of them to get the original key.
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