Key Insights:
Amid an alarming rise in kidnapping threats targeting cryptocurrency owners, the Bitcoin Family has adopted new security measures, including dispersing their crypto seed phrases across four continents.
Recent incidents involving violence against crypto investors have prompted many in the industry to enhance their personal safety protocols.
Executives in the crypto space are increasingly seeking the assistance of private security firms.
The cryptocurrency industry is facing growing concerns surrounding safety, particularly as violent kidnappings aimed at crypto holders become more prevalent. This shift has led prominent figures, such as Didi Taihuttu, head of the so-called “Bitcoin Family,” to rethink their protective measures.
In a bold move, Taihuttu, known for his decision to liquidate his assets in 2017 to fully embrace Bitcoin, disclosed that his family has now moved away from traditional hardware wallets. Instead, they’ve opted to secure their crypto seed phrases in various locations across the globe.
This change has come as a direct response to an increase in threats and attacks targeting crypto investors on an international scale.
Even Under Duress, Attackers Would Get Little
“We have changed everything,” Taihuttu stated in an interview with Finance Newso while in Thailand. “Even if someone held me at gunpoint, I can’t give them more than what’s on my phone wallet — and that isn’t much.”
Over the past eight months, the Taihuttu family has implemented a hybrid security system where their seed phrases are encrypted, divided, and stored utilizing both physical and digital methods.
Some portions of the seed phrases are engraved onto fireproof steel plates hidden across four continents, while others are safeguarded through blockchain-based encryption services.
“You only need to remember which words you altered,” he elaborated. This strategy guarantees that if attackers gain access to a fragment of the seed phrase, they cannot access the family’s entire wealth.
These precautions come in the wake of heightened physical threats to crypto holders. Recently, Moroccan authorities apprehended an individual suspected of kidnapping crypto executives.
Additionally, reports have surfaced of a crypto millionaire’s father being violently assaulted in France, and a tourist in New York was reportedly tortured for over two weeks by kidnappers seeking his Bitcoin access credentials.
Three British men kidnapped a UK crypto trader in Spain
Demanding a €30K ransom.
The victim managed to call a friend, who alerted the police
Leading to a dramatic rescue.
(5/9) pic.twitter.com/8B7OqwnIta
— StarPlatinum (@StarPlatinumSOL) May 13, 2025
The Taihuttu family, who continue to live off the grid without traditional banking and travel continuously with their three daughters, is also reconsidering their public engagements.
After being tracked to their location via YouTube posts, they have ceased travel updates and relocated to maintain their privacy.
“We got a little bit famous in a niche market — but that niche is becoming a big market now,” Taihuttu noted, adding that the family has chosen to avoid France entirely.
Currently, approximately 65% of their cryptocurrency is secured in cold storage across four continents, while the remainder is held in multi-signature wallets or on decentralized exchanges for trading and daily transactions.
Taihuttu emphasized their preference for self-custody, stating, “What happens if one of those companies goes bankrupt? You’re putting your capital back in someone else’s hands.”
Crypto Executives Turn to Private Security
The trend of hiring private security is gaining traction among crypto executives as the threat of targeted kidnappings and ransom demands continues to rise, particularly in France.
In May, security firms such as Infinite Risks International, based in Amsterdam, reported a marked increase in requests for round-the-clock protection from crypto professionals in light of numerous high-profile kidnapping cases.
This surge in demand follows a series of violent attacks, including multiple kidnapping attempts that have caused alarm among investors and law enforcement alike.
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