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Coinbase Prints Investors’ Private Keys in Remote Faraday Tent

  • Coinbase keeps security precautions a tad further by reportedly printing private keys in a remote Faraday tent that eliminates the possibility of hackers intercepting sig

Cover image via U.Today

Every major exchange keeps almost all of its funds in a cold storage to protect customers’ money from hackers. However, Coinbase takes these security precautions a tad further by reportedly printing private keys in a remote Faraday tent that eliminates the possibility of hackers intercepting electromagnetic signals.

The tent, where the whole ritual takes place, is erected in a randomly chosen place. It contains two laptops picked by a coin toss– a Linux-based laptop transfers the key to a MacBook that is used for printing. Once the procedure is over, these laptops are physically destroyed to make sure that none of the data leaks.
 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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