26 April 2015

Coinbase hires Facebook's Ryan McGeehan to build security programme

20 March 2014  |  2786 views  |  0 bitcoins

Bitcoin wallet outfit Coinbase has hired Facebook's director of security incident response Ryan McGeehan to build its own security programme.

Bitcoin-related security has been in the headlines in recent weeks thanks to the Mt. Gox disaster which saw 750,000 bitcoins - worth hundreds of millions of dollars - lost, apparently to malleability-related theft.

Coinbase, a San Francisco-based start-up which has raised more than $31 million in funding, uses a cold storage system with multiple distributed keys to protect its users' funds and is is one of the few bitcoin-related companies to have so far avoided a high-profile hack.

Nevertheless, with bitcoin attracting huge attention from hackers and more than a million wallets to protect, the firm has bought on board Facebook exec McGeehan.

In a Facebook post on his move, McGeehan says: "I've accepted a role at Coinbase to build their security program starting in April...I've decided that crypto currency is worth protecting and I'd regret doing anything else right now."

In another hire, former Amazon director of business development and sales Todd Edebohls is joining Coinbase as VP of business development.
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

17 March, 2014
14 March, 2014
13 March, 2014
12 March, 2014
25 February, 2014
12 December, 2013
16 August, 2013
03 May, 2013
14 May, 2012

Related company news

 

Top topics

Most viewed Most shared
PayPal exec wants to replace passwords wit...
8486 views comments | 44 tweets | 21 linkedin
RBS and NatWest customers go into meltdown...
7278 views comments | 13 tweets | 10 linkedin
Banks on the brink as customer experience...
6965 views comments | 42 tweets | 34 linkedin
£12.8 billion to be sent through digi...
5654 views comments | 39 tweets | 16 linkedin
Finextra Future Money Day 1 - Live blog
5259 views comments | 7 tweets | 5 linkedin

Featured job

up to c.£100K base (d.o.e), commission, benefits
London, UK

Find your next job