Connect with us

Published

3 months ago

on

The Taihuttus on a ski trip to Sierra Nevada in southern Spain. They sold everything they owned in 2017 to bet on bitcoin — and now travel full-time as a family of five.

Didi Taihuttu

A wave of high-profile kidnappings targeting cryptocurrency executives has rattled the industry — and prompted a quiet security revolution among some of its most visible evangelists.

Didi Taihuttu, patriarch of the so-called “Bitcoin Family,” said he overhauled the family’s entire security setup after a string of threats.

The Taihuttus — who sold everything they owned in 2017, from their house to their shoes, to go all-in on bitcoin when it was trading around $900 — have long lived on the outer edge of crypto ideology. They travel full-time with their three daughters and remain entirely unbanked.

Over the past eight months, he said, the family ditched hardware wallets in favor of a hybrid system: Part analog, part digital, with seed phrases encrypted, split, and stored either through blockchain-based encryption services or hidden across four continents.

“We have changed everything,” Taihuttu told CNBC on a call from Phuket, Thailand. “Even if someone held me at gunpoint, I can’t give them more than what’s on my wallet on my phone. And that’s not a lot.”

CNBC first reported on the family’s unconventional storage system in 2022, when Taihuttu described hiding hardware wallets across multiple continents — in places ranging from rental apartments in Europe to self-storage units in South America.

The Taihuttu family dressed up for Halloween in Phuket, Thailand, where they recently moved homes after receiving disturbing messages pinpointing their location from YouTube videos.

Didi Taihuttu

As physical attacks on crypto holders become more frequent, even they are rethinking their exposure.

This week, Moroccan police arrested a 24-year-old suspected of orchestrating a series of brutal kidnappings targeting crypto executives.

One victim, the father of a crypto millionaire, was allegedly held for days in a house south of Paris — and reportedly had a finger severed during the ordeal.

In a separate case earlier this year, a co-founder of French wallet firm Ledger and his wife were abducted from their home in central France in a ransom scheme that also targeted another Ledger executive.

Last month in New York, authorities said, a 28-year-old Italian tourist was kidnapped and tortured for 17 days in a Manhattan apartment by attackers trying to extract his bitcoin password — shocking him with wires, beating him with a gun, and strapping an Apple AirTag around his neck to track his movements.

The common thread: The pursuit of crypto credentials that enable instant, irreversible transfers of virtual assets.

Exodus CEO: U.S. buying bitcoin would be a global signal — but taxpayers shouldn’t foot the bill

“It is definitely frightening to see a lot of these kidnappings happen,” said JP Richardson, CEO of crypto wallet company Exodus. He urged users to take security into their own hands by choosing self-custody, storing larger sums on hardware wallets, and — for those holding significant assets — exploring multi-signature wallets, a setup typically used by institutions.

Richardson also recommended spreading funds across different wallet types and avoiding large balances in hot wallets to reduce risk without sacrificing flexibility.

That rising sense of vulnerability is fueling a new demand for physical protection with insurance firms now racing to offer kidnap and ransom (K&R) policies tailored to crypto holders.

But Taihuttu isn’t waiting for corporate solutions. He’s opted for complete decentralization — of not just his finances, but his personal risk profile.

As the family prepares to return to Europe from Thailand, safety has become a constant topic of conversation.

“We’ve been talking about it a lot as a family,” Taihuttu said. “My kids read the news, too — especially that story in France, where the daughter of a CEO was almost kidnapped on the street.”

Now, he said, his daughters are asking difficult questions: What if someone tries to kidnap us? What’s the plan?

One of the steel plates the Taihuttu family uses to store part of their bitcoin seed phrase. Didi etched it by hand using a hammer and letter punch — part of a decentralized storage system spread across four continents.

Didi Taihuttu

Though the girls carry only small amounts of crypto in their personal wallets, the family has decided to avoid France entirely.

“We got a little bit famous in a niche market — but that niche is becoming a really big market now,” Taihuttu said. “And I think we’ll see more and more of these robberies. So yeah, we’re definitely going to skip France.”

Even in Thailand, Taihuttu recently stopped posting travel updates and filming at home after receiving disturbing messages from strangers who claimed to have identified his location from YouTube vlogs.

“We stayed in a very beautiful house for six months — then I started getting emails from people who figured out which house it was. They warned me to be careful, told me not to leave my kids alone,” he said. “So we moved. And now we don’t film anything at all.”

“It’s a strange world at the moment,” he said. “So we’re taking our own precautions — and when it comes to wallets, we’re now completely hardware wallet-less. We don’t use any hardware wallets anymore.”

To throw off would-be attackers, Didi Taihuttu encrypts select words from each 24-word seed phrase — then splits the phrases into four sets of six and hides them around the world.

Didi Taihuttu

The family’s new system involves splitting a single 24-word bitcoin seed phrase — the cryptographic key that unlocks access to their crypto holdings — into four sets of six words, each stored in a different geographic location. Some are kept digitally through blockchain-based encryption platforms, while others are etched by hand into fireproof steel plates using a hammer and letter punch, then hidden in physical locations across four continents.

“Even if someone finds 18 of the 24 words, they can’t do anything,” Taihuttu explained.

On top of that, he’s added a layer of personal encryption, swapping out select words to throw off would-be attackers. The method is simple, but effective.

“You only need to remember which ones you changed,” he said.

Part of the reason for ditching hardware wallets, Taihuttu said, was a growing mistrust of third-party devices. Concerns about backdoors and remote access features — including a controversial update by Ledger in 2023 — prompted the family to abandon physical hardware altogether in favor of encrypted paper and steel backups.

While the family still holds some crypto in “hot” wallets — for daily spending or to run their algorithmic trading strategy — those funds are protected by multi-signature approvals, which require multiple parties to sign off before a transaction can be executed.

The Taihuttus use Safe — formerly Gnosis Safe — for ether and other altcoins, and similarly layered setups for bitcoin stored on centralized platforms like Bybit.

Didi Taihuttu during a recent visit to Sierra Nevada, Spain. The family’s lifestyle — unbanked, nomadic, and all-in on bitcoin — makes them outliers even in the crypto world.

Didi Taihuttu

About 65% of the family’s crypto is locked in cold storage across four continents — a decentralized system Taihuttu prefers to centralized vaults like the Swiss Alps bunker used by Coinbase-owned Xapo. Those facilities may offer physical protection and inheritance services, but Taihuttu said they require too much trust.

“What happens if one of those companies goes bankrupt? Will I still have access?” he said. “You’re putting your capital back in someone else’s hands.”

Instead, Taihuttu holds his own keys — hidden across the globe. He can top up the wallets remotely with new deposits, but accessing them would require at least one international trip, depending on which fragments of the seed phrase are needed. The funds, he added, are intended as a long-term pension to be accessed only if bitcoin hits $1 million — a milestone he’s targeting for 2033.

The shift toward multiparty protections extends beyond just multi-signature. Multi-party computation, or MPC, is gaining traction as a more advanced security model.

Didi, Romaine, and their three daughters live largely off-grid, managing crypto through decentralized exchanges, algorithmic trading bots, and a globally distributed cold storage system.

Didi Taihuttu

Instead of storing private keys in one place — a vulnerability known as a “single point of compromise” — MPC splits a key into encrypted shares distributed across multiple parties. Transactions can only go through when a threshold number of those parties approve, sharply reducing the risk of theft or unauthorized access.

Multi-signature wallets require several parties to approve a transaction. MPC takes that further by cryptographically splitting the private key itself, ensuring that no single individual ever holds the full key — not even their own complete share.

The shift comes amid renewed scrutiny of centralized crypto platforms like Coinbase, which recently disclosed a data breach affecting tens of thousands of customers.

Taihuttu, for his part, says 80% of his trading now happens on decentralized exchanges like Apex — a peer-to-peer platform that allows users to set buy and sell orders without relinquishing custody of their funds, marking a return to crypto’s original ethos.

While he declined to reveal his total holdings, Taihuttu did share his goal for the current bull cycle: a $100 million net worth, with 60% still held in bitcoin. The rest is a mix of ether, layer-1 tokens like solana, link, sui, and a growing number of AI and education-focused startups — including his own platform offering blockchain and life-skills courses for kids.

Lately, he’s also considering stepping back from the spotlight.

“It’s really my passion to create content. It’s really what I love to do every day,” he said. “But if it’s not safe anymore for my daughters … I really need to think about them.”

WATCH: ‘Bitcoin Family’ tracks moon cycles to make crypto investment decisions

'Bitcoin Family' tracks moon cycles to make crypto investment decisions

Related Topics:
Continue Reading

Environment

US EV sales smash records in August as Tesla loses ground

Published

9 hours ago

on

September 10, 2025

By

US EV sales smash records in August as Tesla loses ground

US EV sales set yet another record in August, with 146,332 EVs sold, according to the latest numbers from Cox Automotive’s Kelley Blue Book.

That gave EV sales in August a 9.9% share of total new car sales, up from 9.1% in July and the highest yet. With the federal EV tax credit set to expire on September 30, analysts say Q3 2025 is shaping up to be the strongest quarter for EV sales in US history. The current record holder is Q4 2024, when 365,824 EVs were sold.

Prices ticked higher, too. The average transaction price (ATP) for an EV in August was $57,245, 3.1% more than July’s revised lower ATP of $55,562. Year-over-year, though, EV prices were basically flat, down just 0.1%. The wave of EV sales also helped push up the overall market’s ATP.

Incentives, while not as high as July’s record, remained hefty. EV buyers received discounts averaging over $9,000 in August, equal to 16% of ATP. That’s more than double the incentive rate in the overall auto market and up from 13.6% a year ago.

Advertisement – scroll for more content

Tesla, still the US EV sales leader by far, is under pressure. Its ATP rose 2.9% in August to $54,468, which was still down 5.5% year-over-year. Tesla sales dropped 6.7% year-over-year, and the company’s share of the US EV market slid to 38% – its lowest point ever.

Stephanie Valdez Streaty, senior analyst at Cox Automotive, said, “The one constant in the automotive business is that fresh product sells well. While Tesla’s Model Y update has slowed the company’s sales decline, it’s not getting easier for the EV pioneer because the market is now flooded with all-new, fresh EVs from mainstream competitors – consumers have more choice than ever. The current surge in EV sales is being driven by product innovation, motivated dealers, and an urgency ahead of the IRA tax credit phase-out.”

Read more: Tesla leads price cuts as US EV sales post 2nd-best month ever

The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.


Add Electrek as a preferred source on Google
Add Electrek as a preferred source on Google

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Anker SOLIX Fan Fest Sale takes up to 63% off power stations, Tenways CGO600 Pro e-bikes with free $217 bundle $1,599, Bluetti, more

Published

12 hours ago

on

September 10, 2025

By

Anker SOLIX Fan Fest Sale takes up to 63% off power stations, Tenways CGO600 Pro e-bikes with free 7 bundle ,599, Bluetti, more

Leading today’s march of Green Deals is Anker’s SOLIX Fan Fest Sale that has increased savings on power stations from Labor Day up to 63%, with offers like the new SOLIX F3000 Portable Power Station starting at $1,649, among others. We also have Tenways’ End of Season Sale that is offering an increased $217 in FREE gear on its CGO600 Pro Lightweight Commuter e-bikes at $1,599, as well as the first discount hitting Bluetti’s new Elite 30 V2 Power Station bundled with a carrying case for $259. From there, EGO has given folks a return low price on an advanced pole saw alongside its Nexus power station, with three one-day only deals from Greenworks and Worx, and more waiting for you below. Plus, there are all the hangover deals collected at the bottom of the page, like yesterday’s EcoFlow Home Backup/Hurricane Preparedness Sale, the $799 promotion on Vanpower’s City Vanture Urban Commuter e-bike, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Anker’s SOLIX Fan Fest Sale increases savings on power stations as high as 63% with deals starting from $120

Anker has launched its SOLIX Fan Fest Sale running through September 21, with up to 63% discounts on its massive power station and accessory lineup – which is an increase from the brand’s Labor Day event. Alongside the low prices we spotted on the EverFrost 2 electric coolers, as well as the launch deals on the new C1000 Gen 2 station, we also noticed the brand’s other recent release, the SOLIX F3000 Portable Power Station dropping to $1,649 shipped during this sale, which sits $1 under Amazon’s pricing. It fetches $2,599 at full price, with discounts having mostly gone as low as $1,699, unless the sales offered bonus savings that saw the cost drop to $1,614 or the one-time $1,599 rate we saw during Prime Day. The deal here is the third-best we have tracked, saving you $950 off the going rate and bringing you one of the latest, upgraded backup power solutions from the Anker flag.

Unlike the new C1000 Gen 2 station, which is a more compact backup option, Anker’s SOLIX F3000 power station brings a whole lot more punch to its game, as it starts with a 3,072Wh LiFePO4 battery capacity that can expand up to 24kWh with investments into the compatible expansion batteries (bundles available below). There are 11 output ports to connect devices/appliances (including a TT-30R AC port for RV backup), which will receive up to 3,600W of power that can be doubled to 7,200W when two stations are connected together.

Advertisement – scroll for more content

One of the SOLIX F3000 power station’s notable upgraded features is the addition of passthrough charging, which it can receive from a generator for up to 3,600W of input, bringing extra versatility to emergency power failures. You’ll also have to options to plug into a standard AC outlet or even charge from an EV. There’s also the max 2,400W solar input that can have it fully recharged in under two hours with optimal sunlight.

***Note: Some of these power stations – particularly the F3800 models, which also get free protective covers – have automatic 5% extra savings that will be added in your cart. Those differences have not been factored in to bracket prices.

Anker’s Fan Fest F3000 deals:

If you want to browse the entirety of Anker’s SOLIX Fan Fest Sale, which includes the above SOLIX F3000 power station discounts, be sure to check out our original and curated coverage of those deals here.

man and woman sit on beach with Tenways CGO600 Pro e-bikes

Tenways End of Season Sale drops 37-pound CGO600 Pro e-bikes to $1,599 with $217 in FREE gear ($2,116 value)

Tenways is continuing most of its Labor Day savings within its newly launched End of Season Sale, which is taking up to $500 off select e-bikes, while also offering an additional $200 discount when buying two. Among the lineup, Tenways’ popular CGO600 Pro Lightweight Commuter e-bikes (both the chain-drive and belt-drive variants) are dropping back down to $1,599 shipped, while also coming with $118 in free gear and a complimentary gift box (a $99 value). Coming down off its $1,899 full tag price, things have been taken lower in the past, though since March we’ve been seeing tariff hikes keep the price up at $1,599, with occasional falls lower to $1,499. You’re still getting a solid $517 savings package with this deal, not to mention the additional savings you can get buying two together and/or verifying your status as a medical provider, first responder, teacher, or military member (giving you an extra $150 off).

If you want to learn more about this lightweight commuter, or browse the other e-bike deals, be sure to check out our original coverage of this sale here.

man and woman sit at table in nature with Bluetti's Elite 30 V2 power station

Bluetti’s new Elite 30 V2 power station bundled with a carrying case gets first discount to $259, more from $219

Through its official Amazon storefront, Bluetti is offering the first chance at savings on its new Elite 30 V2 Portable Power Station bundled with a carrying bag at $259 shipped, after clipping the on-page $140 off coupon, which is unavailable directly from the brand’s website and has no option to buy the bag separately. This bundle package just hit Amazon five days ago, carrying a $399 price tag, with today’s deal being a first-ever chance to save on it. All-in-all, you’re getting $140 in total savings that sets the bar for future discounts down the road.

If you want to learn more about this station’s capabilities, as well as browse the other bundles, be sure to check out our original coverage of these deals here.

EGO's 56V 10-inch carbon fiber pole saw being used to cut off tree branch

Grab EGO’s carbon fiber telescopic pole saw with an LED guide light and 2.5Ah battery at its $299 low

Amazon is offering the EGO Power+ 56V 10-inch Cordless Carbon Fiber Telescopic LED Cut Line Indicator Pole Saw with 2.5Ah battery at $299 shipped. It’s been recently fetching around $389 at full price, with the discounts we’ve seen this year having dropped the costs to this same low rate twice before. It’s coming back around for a $90 markdown, letting you expand your outdoor arsenal at the best price we have tracked.

If you want to learn more about this pole saw, be sure to check out our original coverage of this deal here.

man prepping food in pot on burner being powered by EGO Power+ Nexus portable power station

EGO’s modular Nexus power station with two 7.5Ah batteries can also refuel your arsenal at $899

At Amazon, you can currently find the EGO Power+ Nexus Portable Power Station with two 7.5Ah batteries at $899 shipped. This bundled package usually runs for $1,099 without discounts, which we’ve mostly seen keeping down near $999 with discounts. While these drops to $899 are usually rare sightings, the price has been holding out strong since mid-August, with no telling how much longer it may last. Aside from the $838 low we saw once back during Black Friday, you’re otherwise looking at the best tracked price, which saves you $200 off the going rate. If you already have a collection of EGO ARC batteries, you can pick the station up on its own for $593.

If you want to learn more about this power station’s capabilities, be sure to check out our original coverage of this deal here.

man cleaning driveway with Greenworks 1,900 PSI electric pressure washer

Greenworks’ framed 1,900 PSI electric pressure washer back at $120 while the 12-inch cleaner attachment is at $23 (Today only)

As part of its Deals of the Day, Best Buy is offering the Greenworks 1,900 PSI Electric Framed Pressure Washer at $119.99 shipped (currently unavailable on Amazon and beating the brand’s direct website by $30), which is running parallel to the one-day-only discount we’re also seeing on the brand’s 12-inch Surface Cleaner Attachment at $22.99 shipped. That pressure washer would normally run you $200 at full price, with discounts mostly taking it to this rate or higher, more often as a one-day-only deal, which has only been beaten out by a one-time discount to $118. For the rest of the day, you can pick one up at $80 off to tackle your outdoor cleaning needs at the next-best price we have tracked – landing just $2 above the all-time low.

If you want to learn more about the pressure washer or cleaner attachment, be sure to check out our original coverage of these one-day-only deals here.

split photo showing the Worx Pegasus 2-in-1 work table and sawhorse holding bags of cement

Gain more portable workspace with Worx’s Pegasus 2-in-1 folding table & sawhorse at $95 (Today only)

As part of its Deals of the Day, Best Buy is offering the Worx Pegasus 2-in-1 Folding Work Table & Sawhorse at $94.99 shipped, which beats out Amazon’s pricing by $42. It usually fetches $140 to $150 at full price across various marketplaces, with discounts over the last year having mostly kept costs above $110, though we have spied some short-term falls as low as $90. For the rest of the day, you can pick it up here with a $55 markdown that lands it at the second-best price of the last 12 months – just $5 above the low we last saw in January.

If you want to learn more about this work table/sawhorse, be sure to check out our original coverage of this one-day-only deal here.

Best Summer EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.


Add Electrek as a preferred source on Google
Add Electrek as a preferred source on Google

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Hyundai’s EV plant raided by ICE, ‘hundreds’ taken into custody [Live Updates]

Published

14 hours ago

on

September 10, 2025

By

Hyundai's EV plant raided by ICE, 'hundreds' taken into custody [Live Updates]

Hyundai-EV-plant-raided-ICE

The massive new Hyundai EV plant outside of Savannah, Georgia, was raided by ICE last week. Federal agents took hundreds of people into custody at the site, including executives from LG Energy Solution, Hyundai’s battery partner and co-owner of the plant.

Update 09/10/2025: A charter plane was shown taking off from the Incheon International Airport in South Korea on Wednesday, headed for the US.

According to reports (via The Associated Press), the plane landed in Atlanta, but cannot depart the US just yet due to unknown reasons on the US side.

The detainees are currently being held at an immigration detention center in Georgia. They are expected to be released and transferred to the Hartsfield-Jackson Atlanta International Airport, where the charter plane is waiting to bring them home.

Advertisement – scroll for more content

The battery plant site that was raided is one of over 20 that South Korean companies are currently building in the US.

As the largest workplace raid by the US Homeland Security, the event is quickly spreading backlash among South Koreans.

Charles Kuck, an immigration attorney from Atlanta who represents several of the detained citizens, told The Associated Press that no other company in the US makes the machines used at Hyundai’s plant. So, they had to come from overseas to install or repair equipment at the plant. He added that many were doing so under various visa programs legally.

Why was the Hyundai EV plant raided by ICE?

After celebrating the grand opening of its new Hyundai Motor Group Metaplant America (HMGMA) in Georgia earlier this year, the Korean automaker said it’s “building the future of mobility with America, in America.”

On September 4, a construction site for a new battery plant was raided by US immigration authorities. Up to 475 people were arrested as part of an investigation into undocumented individuals. It was the US Department of Homeland Security’s largest single-site enforcement operation to date.

The South Korean Foreign Ministry issued a statement on Friday, September 5 (via Yonhap News), claiming that the individuals were mistreated.

“The economic activities of our companies investing in the US and the rights and interests of our nationals must not be unfairly violated,” South Korean ministry spokesperson Lee Jae-woong said.

Hyundai-EV-plant-raid
Hyundai IONIQ 9 models, which are built at HMGMA EV plant in Georgia (Source: Hyundai)

The ministry’s spokesperson added that “We conveyed our concern and regret through the US Embassy in Seoul today.” Korea sent officials to Washington and to the Hyundai plant to establish an on-site task force to deal with the matter.

Update 09/08/25: South Korea reached a “broad agreement” on September 7 to release the roughly 300 Korean citizens detained in the US.

A foreign ministry official confirmed on Monday (via Yonhap News) that “We have agreed on a plan to bring all our citizens back home safely via a chartered flight.” The official added that the citizens will head home voluntarily rather than facing deportation.

Hyundai-EV-plant-raided-ICE
The Hyundai Motor Group Metaplant America (Source: Hyundai)

Backlash is erupting in Korea after video footage circulated on social media showing the detained workers shackled before being loaded onto buses and DEA agents armed with guns outside the facility.

South Korean Foreign Minister Cho Hyun is in talks with Washington to discuss ways to prevent similar incidents from happening again, including increasing the visa quota for South Korean workers.

Hyundai-EV-plant-raided
Hyundai Motor America CEO Jose Muñoz with Georgia Governor Brian P Kemp at Hyundai Day (Source: Hyundai)

Meanwhile, President Donald Trump still believes the US and South Korea have “a great relationship.” Trump told reporters after a visit to the US Open tennis final on September 8 that “we have a great relationship with South Korea, really good relationship.”

Trump later posted on Truth Social that the US will “make it quickly and legally possible” to bring foreign battery experts to the US, adding, “What we ask in return is that you hire and train American Workers.”

Hyundai-new-evs-tech
Hyundai IONIQ 9 built at HMGMA (Source: Hyundai)

Hyundai’s site in Georgia spans nearly 3,000 acres total and includes an assembly facility, two battery plants, a weld shop, and several others for training, logistics, and more.

As the largest economic project in Georgia, the plant, including Hyundai’s suppliers, is expected to create nearly 40,000 jobs while drawing $12.6 billion into the state.

Hyundai currently builds the new 2025 IONIQ 5 and 2026 IONIQ 9, its first three-row electric SUV, at the Georgia facility.

Hyundai-IONIQ-5-breakout-EV
2025 Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)

The ICE raid came just days after US President Trump hosted South Korean President Lee Jae Myung at the White House. It’s part of the administration’s aggressive crackdown on immigration. Lee has committed to investing another $150 billion in the US, including a new EV battery plant, as it seeks to ease trade tensions.

Check back soon for the latest information, as this is still an ongoing story. We’ll keep you updated with the latest.

Source: The New York Times, Yonhap News


Add Electrek as a preferred source on Google
Add Electrek as a preferred source on Google

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending