Trending...
- Registered Nurse Launches Healthcare Wealth Strategy Practice for Healthcare Professionals - 161
- Homeowner Prep Announces Strategic Language Shift: Replacing "Renters" with "Future Homeowners" to Inspire Wealth-Building Mindsets
- Governor Jared Polis Hands Out 3 Millionth Book with Colorado Department of Early Childhood Highlighting the Imagination Library of Colorado's Statewide Impact
$305 Million Hack of Japanese Exchange Rings Alarm Bells; SQHWYD Adopts Multi-Party Computation Sharding to Build Zero-Trust Architecture
LOUISVILLE, Ky. - ColoradoDesk -- Gideon Cohen, Founder of blockchain security auditing giant Halborn and Security Advisor to SQHWYD GLOBAL Ltd., issued a stern warning today: in an age of industrialized hacking, traditional single-private-key wallets are no longer safe.
Cohen cited the May 2024 DMM Bitcoin hack, which resulted in a loss of approximately $305 Million in Bitcoin. "If you are betting hundreds of millions of dollars in assets on a single string of characters, that in itself is a massive risk," Cohen stated bluntly. As an expert who has secured billions in DeFi assets, he assisted SQHWYD in building a custody system based on MPC (Multi-Party Computation).
Under this architecture, a private key never exists in its entirety. Instead, it is split into multiple cryptographic shards, distributed across different physical and network environments. A transaction can only be executed when multiple authorized parties sign simultaneously, thereby completely eliminating single points of failure. Cohen emphasized that SQHWYD's security strategy is "Defense-in-Depth," combining MPC technology with 24/7 active threat intelligence monitoring and regular Red Team/Blue Team drills. He added, "In this era of Zero Trust, security is not a feature; it is a continuous state of war. SQHWYD's architecture is designed precisely to win this war."
More on Colorado Desk
About SQHWYD
SQHWYD GLOBAL Ltd. is a US-registered digital asset trading ecosystem built on the core principle of "Security First." The platform integrates the industry's most advanced security technologies, including Multi-Party Computation (MPC) custody, cold/hot wallet isolation, and real-time on-chain monitoring systems. SQHWYD partners with top global security firms to conduct regular code audits and penetration tests, aiming to provide bank-grade asset security for institutional investors and individual users.
Media Contact:
Company Name: SQHWYD GLOBAL Ltd.
Contact Person: Gideon Cohen
Email: marco.ricci@sqhwyd.net
Address: 10200 FOREST GREEN BOULEVARD SUITE 112, LOUISVILLE, KENTUCKY, 40223 USA
Website: https://www.sqhwyd.net/
Cohen cited the May 2024 DMM Bitcoin hack, which resulted in a loss of approximately $305 Million in Bitcoin. "If you are betting hundreds of millions of dollars in assets on a single string of characters, that in itself is a massive risk," Cohen stated bluntly. As an expert who has secured billions in DeFi assets, he assisted SQHWYD in building a custody system based on MPC (Multi-Party Computation).
Under this architecture, a private key never exists in its entirety. Instead, it is split into multiple cryptographic shards, distributed across different physical and network environments. A transaction can only be executed when multiple authorized parties sign simultaneously, thereby completely eliminating single points of failure. Cohen emphasized that SQHWYD's security strategy is "Defense-in-Depth," combining MPC technology with 24/7 active threat intelligence monitoring and regular Red Team/Blue Team drills. He added, "In this era of Zero Trust, security is not a feature; it is a continuous state of war. SQHWYD's architecture is designed precisely to win this war."
More on Colorado Desk
- UK Financial Ltd Chooses PUMP.FUN App to Launch Maya Meme's Minor-League Meme Coins and Announces Lifetime Airdrop Program
- Boston Industrial Solutions Expands Its Industry-Leading UV Ink Portfolio with the Launch of a Matte Ink - Natron® UVPZ
- Century Fasteners Corp. Exhibiting at 2026 MRO Americas Show – April 21-23, 2026 – Booth #2257
- Colorado Announces Proposal to Annex Northern New Mexico, Protecting State From Texas Aggression
- Blue Sparrow Coffee named Best Matcha in Westword's Best of Denver 2026
About SQHWYD
SQHWYD GLOBAL Ltd. is a US-registered digital asset trading ecosystem built on the core principle of "Security First." The platform integrates the industry's most advanced security technologies, including Multi-Party Computation (MPC) custody, cold/hot wallet isolation, and real-time on-chain monitoring systems. SQHWYD partners with top global security firms to conduct regular code audits and penetration tests, aiming to provide bank-grade asset security for institutional investors and individual users.
Media Contact:
Company Name: SQHWYD GLOBAL Ltd.
Contact Person: Gideon Cohen
Email: marco.ricci@sqhwyd.net
Address: 10200 FOREST GREEN BOULEVARD SUITE 112, LOUISVILLE, KENTUCKY, 40223 USA
Website: https://www.sqhwyd.net/
Source: Gideon Cohen
Filed Under: Services, Technology
0 Comments
Latest on Colorado Desk
- Colorado: Governor Polis Meets with Small Businesses to Discuss Impacts of Federal Tariffs and State Support Efforts
- L2 Aviation Earns FAA STC for Thales AVIATOR 200S for Boeing 777
- Colorado: Governor Polis, State Forest Service Announce $8.5 Million in Wildfire Mitigation Grants
- Colorado: New Electronics Manufacturing Business Comes to Alamosa County with Support from Rural Jump-Start Program
- FinIQ Edu Launches High-Impact Workshop Vertical to Close the Workplace Benefits Gap—Drives 82% Surge in 401(k) Participation Intent
- Colorado: Governor Polis Signs Law to Rename Cesar Chavez Day to Farm Worker Day
- HousingWire launches Mortgage Rankings, bringing a data-driven benchmark to originator performance
- J&J Exterminating Reminds Residents to prepare for Termite Swarm Season
- Colorado: Supreme Court Restricts States' Ability to Protect LGBTQ Youth From Inhumane Conversion Therapy
- Bibamba Artisan Chocolate Named "Best Chocolatier" by Westword in Best of Denver 2026
- Registered Nurse Launches Healthcare Wealth Strategy Practice for Healthcare Professionals
- Just 1 in 57 Crypto Owners Globally Pay Taxes on Their Holdings, New Report Finds
- IQSTEL accelerates toward profitability inflection with $317M revenue and AI-driven expansion; IQSTEL Inc. (N A S D A Q: IQST) i
- AI-Driven Breakthrough Unleashed: Bionic Intelligence Platform Goes Live to Capture Massive Biotech Opportunity: KALA BIO, Inc. (N A S D A Q: KALA)
- Surging Into Hyper-Growth Mode With Record Revenue, Raised 2026 Guidance, and Game-Changing AI Platform; Off The Hook YS (NYSE American: OTH)
- Mom Creators Coalition Launches with WaterWipes® as Official Founding Sponsor
- Senior Legacy Transition Program Introduced by Denver Metro Realtor with RE/MAX Professionals
- PandaGuarantee Launches Rent Guarantor Service in New York City
- The $112M Marketing Lesson Joe Whyte Learned: Why 'More Traffic' Is the Biggest Lie in Digital Marketing
- Colorado: Protecting Public Safety: Governor Polis Signs Social Media Law to Support Law Enforcement and Enhance Safety
