Trending...
- Family Business Explores Organized Crime History Through Satirical Comics
- Postmortem Pathology Expands Independent Autopsy Services Across Colorado
- Naperville Residents Invited to 'Chat with the Chief' on March 6
$305 Million Hack of Japanese Exchange Rings Alarm Bells; SQHWYD Adopts Multi-Party Computation Sharding to Build Zero-Trust Architecture
LOUISVILLE, Ky. - illiNews -- 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 illi News
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 illi News
- Naperville Police Arrest Aurora Convicted Felon Charged with Possessing Multiple Firearms Including Machine Gun
- Arcuri Group Announces Long‑Term Partnership with WakeMed Health & Hospitals to Deliver Situational Awareness and De‑escalation Training
- Innovative Push Mower Lawn Striping Attachment Now Available for Licensing
- Litchfield Cavo LLP Opens 25th Office, Strengthening National Litigation Platform
- Innovative Inflatable Body Protection System Available for Licensing
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
0 Comments
Latest on illi News
- Digi 995: The Final Purge Ignites the Third Chapter of the Expanding Digiverse
- Atlanta Tech Founder Seeks Clarity on Intellectual Property and Innovation Policy
- Purple Heart Recipient Honored by Hall of Fame Son In Viral Tribute Sparking National Conversation on Service Fatherhood, Healing and Legacy
- Amicly Launches as a Safety-First Social App Designed to Help People Build Real, Meaningful Friendships
- Primeindexer Google indexing platform launched by SEO Danmark APS
- Kaltra Introduces New Downward-Spraying Distribution Technology to Boost Microchannel Evaporator Performance
- Talentica Announces Winners of Multi-Agent Hackathon 2026
- Chicago: ICYMI: Mayor Brandon Johnson Presents Vision for a More Equitable, Inclusive America During State of The Union Rebuttal Alongside Minneapolis Mayor Jacob Frey
- BCD M&E Named Among The 15 Most Influential U.S. Corporate Meetings & Incentive Travel Firms
- Patented Firearm Charging Handle Device Available for Licensing
- Axis International Introduces Precision Dental Insert Tool Now Available for Licensing
- Special Alert: Undervalued Opportunity: IQSTEL (N A S D A Q: IQST) Positioned for Explosive Multi-Year Growth
- Triple-Digit Growth, Strategic N A S D A Q Uplist, Plus A Scalable Healthcare Rollout Model: Stock Symbol: CDIX
- Vesica Health Receives FDA Breakthrough Device Designation for AssureMDx
- Lineus Medical's SafeBreak® Vascular Added to Alliant GPO Contract
- Cancun All Inclusive is ready for Spring Break 2026 with new Resorts, Exclusive Deals, activities and more!
- 66% of US Bankruptcies Are Medical — So Americans Are Building Businesses That Cover Healthcare Emergencies
- Ludex Partners With Certified Trading Card Association (CTCA) To Elevate Standards And Innovation In The Trading Card Industry
- Digi 995: The War of Eldoria Expands the Sci-Fi Saga in Explosive Book Two
- Best Book Publishing Company for Aspiring Authors