education

Training Calendar

Forensics & Investigation
Cryptocurrency / Dark Web / Deep Web

Bitcoin, Bunkers, And Low Tech Storage

Updated: Apr 29

Spanning five continents lies an underground array of unconnected and encrypted computer servers that store cryptocurrency keys to unlock an immense fortune. Entrepreneurs such as Wences Casares, CEO of Xapo, have convinced large holders of cryptocurrency that he offers the optimal resource for the safe and secure storage of bitcoin and other cryptocurrencies.


Casares network of ultra-secure vaults are built in the Swiss Alps and leverages the use of a decommissioned Swiss military bunker. Xapo claims to have assets valued at approximately $5.5 billion (700k bitcoin) under custody. As of this writing, Coinbase is positioning itself to acquire Xapo for a reported $50 million-plus earn-out. Fidelity Digital Assets is also making a bid for Xapo.


These underground military bunker-like crypto-lockups are pitched at the latest state-of-the-art cold storage solution for cryptocurrency assets. On May 9, 2018, Bloomberg reported these storage facilities are heavily guarded, secured with reinforced concrete and blast doors.


Even if penetrated, the claim is sophisticated fingerprint scanner technology would be able to identify the intruders and block the use of an amputated hand to be used as an access ruse. It sounds like the perfect caper for George Clooney, Brad Pitt, and Matt Damon of the “Oceans “ heist film franchise. Any screenwriters out there? I’m stocking up on popcorn.

10 views

Recent Posts

See All

Bitcoin Connection to Mafia Malta Hit Job?

Journalist Daphne Caruana Galizia was murdered in October 2017. She was digging deep to expose corruption rotting within Malta’s institutions and beginning to penetrate other areas in the European Uni

ZENTAU INC. 

200 2nd Ave South, Suite 412,  St. Petersburg, Florida 33701  Phone: +1 (727) 202-6948 

Copyright ©2020 Zentau Inc. USA