The Bitcoin family is taking extreme measures: dispersing and hiding their encryption mnemonic phrases across four continents to cope with kidnapping threats.

According to reports, due to the increasing kidnapping threats faced by cryptocurrency holders, the Bitcoin investor family “Taihuttu family” revealed that they have abandoned hardware wallets and instead hidden their crypto assets mnemonic phrases dispersed across four continents.

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

This decision stems from an increase in physical attacks against Crypto Assets holders. Moroccan police recently arrested a suspect in the kidnapping of a Crypto Assets executive; the father of a Crypto Assets millionaire in France was brutally attacked; a tourist in New York was kidnapped and tortured for two weeks, with the kidnappers attempting to obtain his Bitcoin credentials.

Currently, the Taihuttu family stores about 65% of their Crypto Assets in cold wallets across four continents, while the rest is kept in multi-signature Wallets or decentralized exchanges for trading and daily expenses.