Gemini makes Chief Security Officer hire

People • August 19, 2019, 12:00PM EDT

UPDATED: August 19, 2019, 11:28AM EDT

Gemini, the New York-based cryptocurrency exchange, has announced the hiring of David Damato as its Chief Security Officer. Damato has two decades of cybersecurity experience and was formerly Chief Security Officer at Tanium, a privately-held cybersecurity firm valued at $6.5 billion.

"Security is the bedrock of our culture and one of Gemini’s four pillars along with Product, Licensing, and Compliance," said Tyler Winklevoss, co-founder, and CEO of Gemini. "We are excited for Dave to continue our Security Team’s tradition of building and pioneering world-class security solutions to secure the future of money," he added.

According to research from The Block, the total sum of stolen cryptocurrencies from exchanges has surpassed $1.35 billion. The most recent of these thefts was Binance's security breach, which resulted in 7,000 BTC ($40.6 million) stolen.

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi