from Hacker News

Ask HN: Who Key for Exchange Wallet?

by vrdvn on 1/28/23, 10:03 PM with 3 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?
  • by wmf on 1/28/23, 10:12 PM

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