Binance CEO Acknowledges Fireblocks' Report On Crypto Vulnerabilities
Zhao Acknowledges Vulnerabilities Exposed By Fireblocks The CEO of the Binance exchange responded on X (Twitter) to security concerns raised by a recent report from the cryptography research firm Fireblocks . The BitForge zero-day flaws were found in well-known multi-party computation (MPC) protocols like GG-18, GG-20, and Lindell17, which are regarded as the industry standard for wallet security, according to the research. advertisement More than 15 suppliers of digital asset wallets, blockchains, and open-source projects were using implementations with these vulnerabilities, according to the analysis of the Fireblocks research team. The flaws could have made it possible for attackers with privileged access to steal money from wallets; some attacks could have been carried out in a matter of seconds without the user or vendor’s knowledge. The BitForge vulnerabilities exposed by Fireblocks centered around flaws in GG18, GG20, and Lindell17 protocols. The e...