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

• City of Colorado Springs' Chief of Staff Jamie Fabos announces departure
• City of Colorado Springs earns 2026 Silver Military Friendly® Employer, Military Friendly® Spouse Employer designation
• Sharpe Automotive Redefines Local Car Care with "Transparency-First" Service Model in Santee
• Paribury Exchange Updates Information Disclosure and User Communication Framework
• Colorado: Governor Polis Delivers 2026 and Final State of the State Address: The State of Our State is Strong, Resilient, Kind, Innovative, and Free

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/