Bloomberg: There are about $ 10 billion in bitcoins inside Hapo's secret bunker
bloomberg·@crypto-rev·
0.000 HBDBloomberg: There are about $ 10 billion in bitcoins inside Hapo's secret bunker
 The servers of the Xapo crypto wallet located in a specially equipped hopper, account for about 7% of all existing Bitcoins today. Xapo is only four years old, but already has deposits larger than deposits at 98% of all 5670 US banks. CEO of CoinShares, Ryan Randolph, holds about $ 500 million in crypto in this bunker. Xapo uses state-of-the-art electronic security tools and safely stores all cryptographic keys to its customers. >"Even for a lot of money, you would not make me transfer my deposits to a bank," Randolph said. The cold repository is located in a former military bunker in the mountains of Switzerland. Getting the bitch out of it takes about two days. Initially, the company identifies the customer and approves his order, then offline, signs the transactions using the private keys located at different points of the hopper. Everything is done in the spirit of the best Swiss traditions. When a large encryption is required, code words are used and, if necessary, video conferencing. And if the translation is too large, customers need to arrive on the spot and check everything and do it personally. image source - Instagram
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