According to digital asset infrastructure business Fireblocks, over 15 commonly used crypto wallet providers and projects have gaping flaws that could possibly drain millions of crypto wallets.
According to a news release issued by Fireblocks on August 9, the BitForge set of vulnerabilities affect wallets that use multi-party computation (MPC) technology, which allows several parties to oversee and manage cryptocurrency holdings.
The holes were exposed as “zero day” vulnerabilities, which means they had not previously been recognised by the projects. Many of the main wallet providers, including Coinbase, Zengo, and Binance, were affected by the BitForge vulnerabilities, according to the firm.
Following a “90-day disclosure period” from Fireblocks, the three companies have subsequently remedied the issues.
