Martti 'Sirius' Malmi, the Finnish computer scientist who is known as one of the first Bitcoin developers who collaborated with Satoshi Nakamoto, has suggested creating the so-called "Bitcoin Mossad" in order to protect OG holders from potential attacks.
Malmi has floated the idea of El Salvador, the first country that made Bitcoin legal tender, hosting such an organization.
This comes after Vora co-founder Jesse Posner recently opined that there needs to be robust protection for long-time Bitcoin holders in case of "hyperbitcoinization," a theoretical scenario in which Bitcoin reaches widespread mainstream acceptance.
"Hyperbitcoinization will make long-time hodlers the world’s juiciest targets," Posner said.
Alex Stanczyk, managing director at Swan Bitcoin, stated that security firms should be careful about marketing since they could potentially set their clients up for failure and false expectations.
A recent wave of attacks
Malmi's recent suggestion follows a disturbing wave of attacks targeting affluent cryptocurrency investors and executives around the globe. Some victims were reportedly pistol-whipped and threatened at gunpoint, according to a recent report by The Wall Street Journal. Criminals rely on leaked data and online flexing in order to find potential victims. Meanwhile, crypto companies are calling for more robust protections.
U.Today Editorial Team
Vladislav Sopov