Coinbase Prints Investors’ Private Keys in Remote Faraday Tent

  • Alex Morris
    📰 News

    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


Coinbase Prints Investors’ Private Keys in Remote Faraday Tent

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.
 

Cover image via u.today
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