Former Bodyguard Hired as Blockchain Ltd Lead Security

Security in cryptocurrency is a top priority particularly for a company like Blockchain Ltd. The fintech firm currently manages more than 26 million digital wallets for its users. That’s a potentially massive honeypot for cybercriminals.

To prevent such incidents, they have just announced the name of their new global head of security. George Sax is a former U.S. special agent previously entrusted with guarding the president himself.

Sax was in charge of the Secret Service’s Office of Investigations and also managed security for the 2016 U.S. presidential campaign, the company said. He’s joining Blockchain as anxiety mounts that cryptocurrency exchanges remain vulnerable to cyber attacks. In January, Coincheck Inc. said hackers stole more than $500 million of tokens from the Japanese digital-asset trading company.

“George is a recognized security leader with decades of valuable experience protecting the most important people, infrastructure, and systems in the United States,” said Peter Smith, CEO, and Co-Founder of Blockchain. “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.”

Sax himself explained his keenness to turn his hand to a new challenge in a statement “I’m looking forward to applying my experience at the U.S. Secret Service and the U.S. Treasury to the company’s already robust security program and enable millions across the globe access to this new financial system with confidence.”

Blockchain has created a bitcoin wallet that stores the digital currency and carries out transactions. The company raised more than $70 million in funding from investors including Lightspeed Venture Partners, Lakestar, GV (formerly known as Google Ventures), and billionaire Richard Branson. It reportedly manages more than 26 million digital wallets across 140 countries.

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