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When the weakest link between the criminal and the cryptocurrency is a single person (the holder himself in this instance), that person alone would need to with
by frontfor 1y ago
When the weakest link between the criminal and the cryptocurrency is a single person (the holder himself in this instance), that person alone would need to withstand all attacks and “rubber hose cryptanalysis”.
- fallinditch 1y agoThe most effective protection is a combination of discretion, strong security practices, and advanced wallet configurations like multisig and passphrase protection. You could store passphrases in a hardware wallet in a bank vault in a small European country.
- fortran77 1y agoThat won’t stop you from being tortured. You need to make sure nobody knows you have cryptocurrency
- lazide 1y agoHard to do when they’re potentially getting info from exchanges.
- thebruce87m 1y ago> You could store passphrases in a hardware wallet in a bank vault in a small European country. A little bit of irony here having to store your crypto related stuff at a bank to keep it safe.
- defrost 1y agoNot all bank vaults are in banks, here's the basement of a prog rock musician and his wife's house (a former bank(?)) .. https://www.youtube.com/watch?v=CM6iqwcyC1A https://www.youtube.com/watch?v=CM6iqwcyC1A Physical security for digital credentials is the main point here, that doesn't always imply a regular bank, many modern banks lack the bank vaults of yore in any case. Tangentially, avoid showing up unannounced at grandparents house: https://www.youtube.com/watch?v=oZZmFG07OVs https://www.youtube.com/watch?v=oZZmFG07OVs
- grues-dinner 1y agoAnd in the "socialist" Big Government over-regulated hellscape of Europe no less. I would have thought one of those libertarian seasteads or enclaves would be axiomatically the best place for such things?
- xhkkffbf 1y agoYes, ironic. But, of course, nothing in this attack has anything to do with blockchain or crypto per se. They could have been torturing someone for the password with access to the bank's old school accounts or safe deposit box.