Kexcoin Security Update - New Hardware Secured Multi-Sig Wallet
Hi there Kexcoin people,
When it comes to cryptocurrencies, especially when dealing with large sums, you can never be 'too secure'.
On page 8 of the Kexcoin whitepaper we previously stated that we had setup a 2 of 3 multi-signature Bitcoin wallet to hold the ICO funds.
We published the auditable address of this wallet at:
Yesterday we replaced this wallet by setting up a brand new 2 of 3 multi-signature wallet with the addition of hardware wallets to secure the keys.
Each of the key holders Chris, Richard and Simon now have their own personal hardware wallets. 2 out of 3 of these keys are required to move funds from the multi-sig wallet.
The whitepaper has been updated to reflect this and the new auditable address is available here:
As with the previous wallet you will see an amount of Bitcoin going in and then 2 test transactions coming out.
These transactions where broadcast after we created the wallet, to make sure everything worked as expected and to make sure everyone understood the procedure for proposing, checking and co-signing a transaction.
NOTE: DO NOT SEND BITCOIN TO THESE ADDRESSES. FOLLOW THE ICO INSTRUCTIONS ON THE WEBSITE TO OBTAIN KEXCOINS ON THE BITSHARES NETWORK. IF YOU SEND BITCOIN TO THESE ADDRESSES YOU WILL LOSE IT.