Prosegur has built a castle for your cryptocurrency.the company Announce It built what it described as “the first digital asset custody bunker, including a physically and digitally inaccessible environment” in one of 550 vaults previously dedicated to storing “over 400 billion euros of customer funds.”
The bunker “assembles all the necessary infrastructure, facilities, technology, and security protocols to minimize all risk areas identified in the digital asset custody chain,” the company said, and “prevent any possibility of physical or cyber attacks. “. (This statement makes people want to attack something.)
Prosegur said some of these security measures include “closed-circuit cameras, biometric access, controlled security rooms, and permanent surveillance of all facilities by armed personnel” and “specially designed firewalls to keep the facility completely isolated from any external communications.”
The actual encrypted assets will be stored on a hardware security module (HSM) that “generates, stores, and protects encryption keys” and stored in a “military-protected briefcase in a high-security vault.” The company said that if someone tries to access the HSM without authorization, its content will be deleted.
There are more, but it is enough to show that Prosegur is confident in its ability to protect the assets in the bunker. In terms of these assets: The company stated that it “supports a wide range of cryptocurrencies and tokens, such as Bitcoin, Ethereum, and Ripple, and gradually integrates new protocols.”
It may seem strange to invest so many security measures to protect encrypted assets, but the truth is that proper protection of these assets has been an issue since its launch. This is true on smaller scales—for example, hackers trying to gain access to a single encrypted wallet—and larger wallets.
Over the years, we have repeatedly reported large-scale thefts involving cryptocurrencies.consider Theft of 500 million US dollars For example, the value of NEM from Coincheck in 2018, or Theft of 200,000 USD The value of cryptocurrency from professionals League of Legends Player of the same year. At the time, both were large-scale crimes.
But then we arrived in 2021. In April, the founder of an exchange $2 billion disappeared In the field of encryption, and in June, the founder of Africrypt $3.6 billion The value of Bitcoin.For reference, the biggest theft in recent history is US$1 billion One of Saddam Hussein’s son was taken from the Central Bank of Iraq in 2003.
In this case, Prosegur’s cover began to become more meaningful, but there are still some things worth remembering. The first is that nothing is absolutely secure; there will always be loopholes. The second is that introducing a single point of failure (Prosegur in this case) requires great confidence.
The third is that the company essentially provides a service. If someone is smart enough to pass the last layer of security, the service will charge you to delete all cryptocurrencies and funds.