Crypto Wallet Provider Blockchain Hires Former U.S. Secret Service Director

Omar Faridi
  • Blockchain Ltd. appointed former U.S. Secret Service deputy assistant director George Sax as head of global security.
  • Sax was previously in charge of securing the United States’ “financial infrastructure.”

George Sax, former Deputy Assistant Director of the U.S. Secret Service, was recently appointed global head of security at UK-based crypto firm Blockchain Ltd. The U.S. Secret Service operates within the Department of Homeland Security, a governmental body focused on combating terrorism.

Before joining Blockchain, Sax managed the Secret Service’s Investigations department and was in charge of security during the U.S. presidential elections in 2016. Blockchain reportedly chose the security executive because of crypto users’ increasing concerns about digital asset exchanges still being vulnerable to hackers.

Developing Blockchain’s “Security Philosophy”

Notably, Sax has over 25 years of experience working as a security expert and his duties have included ensuring the safety of U.S. citizens. The team at Blockchain noted that Sax recently led a global team of more than 2,000 investigators in uncovering financial crimes orchestrated over the internet.

Sax had also been tasked with securing the United States’ “financial infrastructure”, which involved implementing “comprehensive” cybersecurity measures. Now, as global head of security at Blockchain, the specialist will further develop the crypto wallet provider’s “security philosophy” by “focusing on operations, infrastructure, and product security.”

He will also draw on his extensive experience in “physical and personal security” to help Blockchain Ltd. create a more secure and trusted platform for its users. Peter Smith, Blockchain’s CEO and co-founder, stated:

George is a recognized security leader with decades of valuable experience protecting the most important people, infrastructure and systems in the United States. We are proud to welcome him to Blockchain and for him to lead our security efforts as we continue to make crypto safe and easy to use for everyone.

Peter Smith

Managing Security At “High-Risk Events”

During his career, Sax has been in charge of the “executive protection” of several American Presidents, including the security and safety of their families. Additionally, he has managed the security of “high-risk events” such as the U.S. presidential inauguration in 2017.

Currently, Blockchain Ltd offers support for over 26 million cryptocurrency wallets belonging to users in 140 different countries. By using the popular wallet, users can buy, sell, and store cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH).

The team at Blockchain noted the company now has more clients than established American brokerage firms like Charles Schwab. Sax’s recent appointment as head of security appears to be part of the company’s ongoing efforts to expand its operations. The firm recently launched Blockchain Principal Strategies (BPS), a product for institutional investors.

Hacker Attempts to Sell Data Allegedly Stolen From Ledger, Trezor, and KeepKey

Michael LaVere
  • Online data monitoring service Under the Breach says a hacker is attempting to sell databases belonging to Ledger and Trezor.
  • The hacker allegedly used a Shopify exploit to obtain client information, while the company claims to have found "no evidence" of a breach in security.

Online data monitoring and prevention service Under the Breach says a hacker is attempting to sell client information belonging to cryptocurrency hardware wallet manufacturers Trezor, KeepKey, and Ledger. 

According to a tweet published May 24, Under the Breach said an the alleged hacker of the forum was attempting to sell databases belonging to Trezor, KeepKey and Ledger. The stolen data was reportedly obtained via an exploit involving the e-commerce platform Shopify, with the tweet implying more leaks could have occurred that have gone unnoticed. 

The hacker also claimed to have the full SQL database belonging to the online crypto and fintech investment bank, BnkToTheFuture. 

In a subsequent tweet, the data monitoring service claims to have warned BnkToTheFuture about the leaked information.

The documents posted by Under the Breach reveal the hacker allegedly has information belonging to three large databases encompassing 80,000 clients.  

Ledger responded to the proposed Shopify data breach the same day, calling the hack a “rumor.” The crypto wallet manufacturer claimed to have analyzed screenshots from the leaked database and found it did not match their records. 

A Shopify representative told News.Bitcoin that the company had investigated the security breach and found “no evidence” of any compromise. 

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