Major Crypto Wallets’ Vulnerabilities Fixed: BitForge Threat Addressed
Digital asset infrastructure firm Fireblocks revealed that over 15 popular crypto wallet providers, including Coinbase, Binance, and Zengo, were exposed to critical vulnerabilities called BitForge. These zero-day flaws, affecting wallets using multi-party computation (MPC) technology, could allow attackers to drain millions of #cryptowallets without users’ knowledge. The vulnerabilities have been fixed in Coinbase, Binance, and Zengo after the disclosure by Fireblocks. The company urged other firms to assess their security and reach out to those still at risk. MPC wallets, designed to enhance security, were found susceptible to key extraction if one device was compromised.
Source - https://www.coingabbar.com/en/crypto-news-english