Holding huge amounts of cryptocurrencies is a risky endeavor which in a number of cases has led to life-threatening experiences. With the value of cryptos having risen exponentially in 2017, crypto millionaires became a target for criminals. This created a huge demand for crypto safekeeping solutions and a number of startups came up to capitalize on this. One of this is Vo1t, a startup that has grown by leaps and bounds in a short time. For the first time, Vo1t revealed the structures put in place to safeguard the billions of dollars’ worth of crypto under their custody.
Two years ago, a former independent security consultant to the U.K’s Ministry of Defense identified a lucrative business opportunity. The consultant, Miles Parry, launched Vo1t to little fanfare, but the firm now holds billions of dollars’ worth of cryptocurrencies.