pull down to refresh

99 sats \ 3 replies \ @stack_harder OP 4 Dec \ parent \ on: Which btc threat vectors concern you most, if any? bitcoin
apparently 98% of CB customer funds are stored in offline, geographically distributed cold wallets, which are disconnected from the internet
the liquidity stuff in hot wallets is insured, to a point, so i don't think that would be super catasropihc
write
preview
21 sats \ 1 reply \ @Bell_curve 5 Dec
Xapo
Coinbase purchased Xapo cold storage a few years ago
reply
11 sats \ 0 replies \ @freetx 5 Dec
Exactly. Its xapo custody.
Back in the day Xapo was buying old military missile silos (I think) that they were using as their off-grid key storage facilities.
reply
11 sats \ 0 replies \ @freetx 4 Dec
Yes, but internet is not required. You just need enough insider employees who can coordinate their efforts in non-detectable ways.
reply