Coinbase Prints Investors’ Private Keys in Remote Faraday Tent

  • Alex Dovbnya
    📰 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
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an 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.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings