26 August 2016
Find out more

Coinbase hires Facebook's Ryan McGeehan to build security programme

20 March 2014  |  4008 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  |  3899 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  |  4134 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  |  7599 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  |  8313 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  |  6724 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  |  3996 views  |  0 comments | 3 tweets | 2 linkedin
Coinbase lets users text bitcoins

Coinbase lets users text bitcoins

16 August 2013  |  6868 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  |  4994 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  |  8859 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit VocaLink.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
8601 views 0 | 55 tweets | 46 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
7220 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
6801 views 10 | 23 tweets | 8 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6244 views comments | 17 tweets | 19 linkedin

Featured job

Find your next job