29 September 2016
Business Intelligence: A Tech Revolution for the Evolution in Compliance

Coinbase hires Facebook's Ryan McGeehan to build security programme

20 March 2014  |  4043 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)

Finextra news in your inbox

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

Related stories

Mizuho faces legal action over MT Gox collapse

Mizuho faces legal action over MT Gox collapse

17 March 2014  |  3938 views  |  0 comments | 4 tweets | 8 linkedin
Lemon co-founder raises $20 million for bitcoin vault start-up

Lemon co-founder raises $20 million for bitcoin vault start-up

14 March 2014  |  4169 views  |  0 comments | 3 tweets | 2 linkedin
Bitcoin not a currency but has tech potential - Goldman Sachs

Bitcoin not a currency but has tech potential - Goldman Sachs

13 March 2014  |  7674 views  |  7 comments | 10 tweets | 5 linkedin
New York regulator starts accepting bitcoin exchange applications

New York regulator starts accepting bitcoin exchange applications

12 March 2014  |  8368 views  |  0 comments | 6 tweets | 4 linkedin
MT Gox goes up in smoke. Is this the end for bitcoin?

MT Gox goes up in smoke. Is this the end for bitcoin?

25 February 2014  |  6767 views  |  5 comments | 15 tweets | 10 linkedin
Coinbase scores $25 million funding round as VCs pile into bitcoin

Coinbase scores $25 million funding round as VCs pile into bitcoin

12 December 2013  |  4031 views  |  0 comments | 3 tweets | 2 linkedin
Coinbase lets users text bitcoins

Coinbase lets users text bitcoins

16 August 2013  |  6900 views  |  0 comments | 5 tweets | 2 linkedin
Bitcoin exchange MT. Gox hit with $75m lawsuit

Bitcoin exchange MT. Gox hit with $75m lawsuit

03 May 2013  |  5011 views  |  0 comments | 3 tweets
Bitcoin exchange loses $90,000 in virtual currency hack

Bitcoin exchange loses $90,000 in virtual currency hack

14 May 2012  |  8891 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit i2cinc.comFind out more

Who is commenting?

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
14489 views comments | 55 tweets | 48 linkedin
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
9668 views comments | 30 tweets | 29 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
9143 views comments | 33 tweets | 18 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7473 views comments | 14 tweets | 30 linkedin
US gets same day ACHUS gets same day ACH
7014 views comments | 23 tweets | 20 linkedin

Featured job

Find your next job