23 March 2017
Visit EBAday.com

Coinbase hires Facebook's Ryan McGeehan to build security programme

20 March 2014  |  4253 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  |  4144 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  |  4432 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  |  7998 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  |  8666 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  |  7027 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  |  4222 views  |  0 comments | 3 tweets | 2 linkedin
Coinbase lets users text bitcoins

Coinbase lets users text bitcoins

16 August 2013  |  7111 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  |  5193 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  |  9120 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.euParticipate in the survey

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
15767 views comments | 33 tweets | 26 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
9860 views 0 | 11 tweets | 8 linkedin
Samsung Galaxy S8 to use facial recognition for payments - BloombergSamsung Galaxy S8 to use facial recognitio...
8306 views comments | 35 tweets | 27 linkedin
satellite26 Japanese banks register for Exchange-ru...
7370 views comments | 2 tweets | 1 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7039 views comments | 21 tweets | 35 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job