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Ask HN: Who Key for Exchange Wallet? | Better HN

Ask HN: Who Key for Exchange Wallet?

2 pointsvrdvn3y ago3 comments

Big exchanges like Coinbase have centralised exchange wallets with billions of dollars, who/how many people know the private key, how do they prevent rouge employee emptying the main account?

3 comments

wmf3y ago

No employees have direct access. The private keys should be in HSMs that have automated spending policies that require multiple approvals, etc.

vrdvnOP3y ago

Intresting, not even the CEO of the company?

wmf3y ago

No.

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