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For those who are cryptocurrencies "whales", ie investors with a significant amount of participations in cryptocurrency, there is always the question of whether their funds are completely safe or not. When you consider it over $ 1 billion in cryptocurrency has been stolen in 2018 – the concern is understandable =
Brazilian "whales" no longer display a secure password as sufficient protection for their digital assets. It seems as if they were now addressing private companies which have effective physical deposits in order to protect their holdings in cryptocurrency.
Vault features
For those wondering why they could turn to private companies for greater security; It is important to note that there are some features that are quite technologically advanced. For example, a vault boasts seven reinforced steel doors.
While the world could be used for fingerprint scanning, there is another company that is able to take it to a whole new level. For example, another private company offers handheld scanners that read millions of individual points on the user's hand, and also examines the flow of blood through the hand.
Crime context
For those who are not aware, Brazil has experienced some high profile cryptocurrency hackers and data breaches in the past year. The most infamous data breach was that of Atlas Quantum, where the personal information of over thousands of users has been revealed thanks to hackers. Regardless of the loss of personal data, no funds have been compromised.
Of course, it should be noted that in some cases, cryptocurrency whales are being targeted in cases where violence in real life is actually used rather than cryptocurrency hacking. For example, in one of the most tragic cases of cryptocurrency crime; the kidnappers are asking for 5 Bitcoins to return a nine-year-old girl in South Africa. The ransom was communicated in an anonymous message via e-mail and it is not yet clear what criminal association is behind the abduction, if it exists.
