Feds arrest couple, seize $3.6B in hacked Bitcoin funds

Re:Feds arrest couple, seize $3.6B in hacked Bitcoin funds by netheril96 on Tuesday February 08, 2022 @10:30PM (#30268411)

You don’t need splitting the private key. Bitcoin has multisig setup. For example, you can setup your wallet such that 6 out of 10 private keys need to sign in order to transfer funds. Spread that 10 private keys out. Or 3 out of 10. Or 2 out of 5. Any n out of m.

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Re:Feds arrest couple, seize $3.6B in hacked Bitcoin funds by pshc on Tuesday February 08, 2022 @11:01PM (#30268645)

You're right, gathering multisigs would be much safer than gathering SSS shares because you wouldn't be carrying around bits of the private key.

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Re:Feds arrest couple, seize $3.6B in hacked Bitcoin funds by sratner on Wednesday February 09, 2022 @01:19AM (#30269567)

Any single SSS share does not disclose any additional information about the private key (i.e. it is not like splitting the key itself into parts).

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Re:Feds arrest couple, seize $3.6B in hacked Bitcoin funds by MayeulC on Wednesday February 09, 2022 @04:23AM (#30270686)

And SSS also allows n out of m.

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