Bitcoin Family Overhauls Security Measures Following Wave of Crypto Kidnappings

Published: June 7, 2025
Updated: June 9, 2025
By: MacKenzie Sigalos

In light of a concerning trend of high-profile kidnappings targeting cryptocurrency executives, the Taihuttu family—widely recognized as the "Bitcoin Family"—has completely revamped their security strategy. Didi Taihuttu, the family patriarch, revealed that the change is largely a response to rising threats against individuals involved in the crypto space.

A New Approach to Security

The Taihuttus made headlines in 2017 when they sold all their possessions, including their home and personal belongings, to fully invest in Bitcoin when its price was around $900. Since then, they have adopted a nomadic lifestyle traveling around the globe with their three daughters without relying on traditional banking systems. However, recent developments have prompted them to take significant precautions regarding their cryptocurrency holdings.

In a recent interview, Taihuttu explained that the family has transitioned from using hardware wallets, which are physical devices that store cryptocurrencies, to a unique hybrid approach that combines both analog and digital methods. Their security model involves encrypting a 24-word seed phrase—a crucial element for accessing their cryptocurrency—and splitting it into various segments dispersed across multiple locations spanning four continents.

"We have changed everything," Taihuttu stated during the call from Phuket, Thailand. "Even if someone held me at gunpoint, I can’t give them more than what’s on my wallet on my phone. And that’s not a lot."

Rising Security Threats

The urgency for enhanced security comes against a backdrop of shocking incidents. Recently, Moroccan police apprehended a 24-year-old linked to a spate of violent kidnappings aimed at crypto executives. One notable case involved a victim who reportedly endured severe torture, highlighting the increasingly dangerous environment for individuals in the cryptocurrency sector. This trend has sparked concern among crypto enthusiasts and security experts alike, leading to a greater focus on personal safety measures.

JP Richardson, CEO of crypto wallet company Exodus, remarked on the alarming rise of these incidents, urging users to take control of their security. He recommends safeguarding against attacks by utilizing self-custody options and multi-signature wallets, which require multiple approvals for transactions.

The Taihuttu Family’s Innovative Methods

To counteract potential security breaches, the Taihuttus have devised a creative method for storing their seed phrase. They engrave selected words of the phrase onto fireproof steel plates, which are then meticulously hidden in various global locations.

The structure of their security system ensures that even if someone manages to discover a substantial part of their seed phrase, it would remain insufficient for access. "Even if someone finds 18 of the 24 words, they can’t do anything," Taihuttu explained.

Moreover, the family has opted out of using third-party hardware wallets due to growing concerns over potential vulnerabilities associated with such devices. Recent controversies, such as a contentious update by Ledger in 2023, have fueled skepticism over these third-party solutions.

Family Discussions Around Safety

Security concerns have become a recurring theme in family discussions as they navigate the landscape of rapidly evolving threats. The Taihuttus have reportedly avoided France in their travels due to recent kidnappings targeting cryptocurrency holders. "We’ve been talking about it a lot as a family," Taihuttu said. "My kids read the news, too—especially that story in France, where the daughter of a CEO was almost kidnapped on the street."

Even their lifestyle restrictions have tightened; Taihuttu recently stopped sharing travel updates on social media after receiving alarming messages from viewers who appeared to trace their whereabouts through online content.

A Shift Towards Decentralization

Taihuttu asserts that the time has come to fully embrace decentralization—not only in their financial practices but in their personal security as well. Approximately 65% of the family’s crypto holdings are now stored in cold storage across four continents, a move he considers safer than using centralized vaults, such as those managed by Coinbase’s Xapo.

"What happens if one of those companies goes bankrupt? Will I still have access?" he questioned, emphasizing the need for personal control over their assets.

As the family prepares to return to Europe from Thailand, the Taihuttus remain vigilant about their safety and are committed to their decentralized approach to securing both their finances and their family.

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