Vault12 Launches First Personal Cryptocurrency Security Solution, Enlists Friends and Fa…

Cryptocurrency assets are routinely stored in local hardware and software wallets or in centralized online accounts. Unfortunately, these approaches have significant drawbacks and weaknesses. Exchanges are vulnerable to hacks and theft, while wallets are often lost or keys are forgotten by owners, resulting in billions of dollars in lost cryptocurrency that will never be retrieved. 

“One of the unresolved challenges for the mass adoption of cryptocurrency and the blockchain economy is the continued challenge and burden associated with securing crypto assets,” said Max Skibinksy, co-founder and CEO of Vault12. “Previously, to keep our digital money safe, we had to keep our extremely valuable cryptographic backups on pieces of paper and store them in traditional banks. It was ironic. We built Vault12 to be an innovative, convenient solution that replaced this cumbersome process.” 

Vault12 is the first…