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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino 2 Feb 2020

      Paolo Ardoino Retweeted Bitfinex

      It's that time of the year, period address rotation is key in proper cold wallet management. 🧐 🦁https://twitter.com/bitfinex/status/1224006498126385154 …

      Paolo Ardoino added,

      BitfinexVerified account @bitfinex
      🛡️In the next hours Bitfinex will migrate part of its BTC cold storage towards the address: bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97 as part of its address rotating policy. All funds are safe.
      4 replies 3 retweets 25 likes
    2. Tony Chew‏ @_tonychew_ 3 Feb 2020
      Replying to @paoloardoino

      Curious why cold storage rotation is needed? Shouldn’t it be left alone? Keen to understand more

      1 reply 0 retweets 0 likes
    3. Paolo Ardoino‏Verified account @paoloardoino 3 Feb 2020
      Replying to @_tonychew_

      It is important to force all multisig participants to periodically go through the process of regenerating a seed, store it safely and derive a new private key from it. At the same time Finex users can check that the company has access to their assets. It's like bank stress-test.

      1 reply 1 retweet 9 likes
    4. Tony Chew‏ @_tonychew_ 3 Feb 2020
      Replying to @paoloardoino

      It sounds really awesome 👍🏻 Would be nice if there is a medium post that illustrates bitfinex’s process. Or perhaps being partially obscure helps with security somewhat?

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino 3 Feb 2020
      Replying to @_tonychew_

      It's pretty standard process and I agree that would be nice to educate the community on the matter.

      7:47 AM - 3 Feb 2020
      • 1 Retweet
      • 2 Likes
      • Acetyle Tony Chew
      0 replies 1 retweet 2 likes

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