Re:Exmo Bitcoin exchange chief executive kidnapped in Kiev
by knocte on Friday December 29, 2017 @06:55AM
(#16029032)
This is bullshit, exchanges with the most rudimentary technology will not keep their funds under a single private key held by one single person at all times. Multi-sig exists.
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Re:Exmo Bitcoin exchange chief executive kidnapped in Kiev
by mschuster91 on Friday December 29, 2017 @08:22AM
(#16029338)
> Multi-sig exists.
Multi-sig does not prevent anyone from kidnapping me and distributing a video "sign us all your btc funds or this dude is going to get tortured".
Re:Exmo Bitcoin exchange chief executive kidnapped in Kiev
by knocte on Friday December 29, 2017 @10:48AM
(#16029999)
Well sure, but the executives of the exchange signing that transaction would actually be a violation of the law, because they are custodians of their customers' funds and not all customers may agree in saving their executive.