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 <h2 id="zhao-acknowledges-vulnerabilities-exposed-by-fireblocks">Zhao Acknowledges Vulnerabilities Exposed By Fireblocks</h2> 
 <p>The CEO of the <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> exchange responded on X (Twitter) to security concerns raised by a recent report from the cryptography research firm <a rel="noopener noreferrer nofollow" title="Fireblocks" href="https://thebittimes.com/tag/fireblocks.html">Fireblocks</a>. 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.</p>  
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 <p>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.</p> 
 <p>The BitForge vulnerabilities exposed by <a rel="noopener noreferrer nofollow" title="Fireblocks" href="https://thebittimes.com/tag/fireblocks.html">Fireblocks</a> centered around flaws in GG18, GG20, and Lindell17 protocols. The exploitation of these vulnerabilities could lead to the exfiltration of the full private key or the exposure of a portion of the private key during signing attempts.</p>  
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 <p>Acknowledging the issue, the CEO of <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> confirmed that the vulnerabilities were present in the TSS Library <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> had previously open-sourced. However, he reassured users that the issues had been addressed and rectified promptly. He expressed his appreciation to <a rel="noopener noreferrer nofollow" title="Fireblocks" href="https://thebittimes.com/tag/fireblocks.html">Fireblocks</a> for bringing the vulnerabilities to light.</p>  
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 <h2 id="the-relm-of-digital-assets">The Relm of Digital Assets</h2> 
 <p>The incident serves as a reminder of the need for ongoing watchfulness in the area of digital asset protection, especially under established standards like MPC. To ensure the integrity and safety of cryptocurrency ecosystems, cybersecurity professionals like <a rel="noopener noreferrer nofollow" title="Fireblocks" href="https://thebittimes.com/tag/fireblocks.html">Fireblocks</a> actively identify and fix vulnerabilities.</p> 
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Binance CEO Acknowledges Fireblocks' Report On Crypto Vulnerabilities

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