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<ul><li>Fireblocks raise the alarm over crypto wallet vulnerabilities with the potential to drain millions.</li><li>BitForge vulnerabilities expose prominent crypto wallets, including Coinbase, Zengo, and Binance among those affected.</li><li>Fireblocks leads the charge in identifying and resolving vulnerabilities, promoting industry-wide security collaboration.</li></ul>Leading digital asset infrastructure firm Fireblocks has warned about vulnerabilities that could expose over 15 widely-used crypto wallets to devastating breaches. Dubbed as BitForge, these vulnerabilities have raised alarms due to their potential to drain millions of cryptocurrency wallets, impacting retail and institutional customers.Fireblocks&#39; <a href="https://www.prnewswire.com/news-releases/fireblocks-researchers-uncover-vulnerabilities-impacting-dozens-of-major-wallet-providers-301897357.html" rel="noopener noreferrer nofollow">announcement</a> on August 9th highlighted that the vulnerabilities target wallets employing multi-party computation (MPC) technology. This technology enables multiple parties to collaborate in controlling and managing cryptocurrency holdings.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f28032f4f4cc42ecb8656ca5b64f6e66.png" />Crucially, the identified issues were categorized as &#34;zero day&#34; vulnerabilities, signifying that the affected projects had not previously detected these flaws. The implications of these vulnerabilities are profound, as Fireblocks outlined, &#34;If left unremediated, the exposures would allow attackers and malicious insiders to drain funds from the wallets of millions of retail and institutional customers in seconds, with no knowledge to the user or vendor.&#34; -Read full article at <a href="https://cryptotale.org/fireblocks-reveal-critical-vulnerabilities-in-millions-of-crypto-wallets/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Fireblocks Reveal Critical Vulnerabilities in Millions of Crypto Wallets

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