Today, Fireblocks is launching Off Exchange – a new solution that enables trading firms and asset managers to trade on centralized exchanges from an on-chain MPC shared wallet, eliminating exchange counterparty risks.
The Fireblocks research team has released an experimental open-source Chrome extension for the verification of token balances on block explorers and portfolio websites. The extension is the first real-world application on Ethereum which utilizes trustless light client technology, and is a step forward in our commitment to continuously advance blockchain security.
CherryBlos is a rather interesting family of Android malware that can plunder your cryptocurrency accounts - with a little help from your photos.
Since the start of Bitcoin in 2009, the popularity and prevalence of cryptocurrencies has exploded, resulting in a net worth of over $1 trillion that continues to grow. Cryptocurrency—held in virtual wallets—is obtained by users who purchase coins on a cryptocurrency exchange, receive coins as payment from someone else, or “mine” coins virtually themselves.
The Fireblocks research team recently uncovered an ERC-4337 Account Abstraction vulnerability in the smart contract wallet UniPass. Fireblocks worked with UniPass to fully mitigate the vulnerability, which was found in hundreds of mainnet wallets in a whitehat operation. All funds are now safe and accounted for.
On October 18, security researcher Zemnmez began the process of responsibly disclosing a "Use of Weak Hash" vulnerability that they found in crypto-js, an open source JavaScript library of crypto standards, for which maintenance has been discontinued. The vulnerability also impacts the crypto-es package (for ES6 and TypeScript), and the researcher has opened a similar issue requesting that the maintainers enable private disclosures.
At Fireblocks, a strong commitment to regulatory compliance has always been at the core of our operations. That’s why we’re excited to announce that we’re building out our On-Chain Digital Identity and Programmable Compliance Team, with the strategic appointments of Peter Marton, Director of Digital Identity, and cryptography expert Chaitanya Reddy Konda, Senior Technical Product Manager, Digital Identity and Privacy.
In recent years, blockchain technology has garnered significant attention thanks to its remarkable tamper-proof features and robust security. It is also expected that the blockchain technology market will exceed 1.2 billion US dollars by 2030, with an annual growth rate of 82.8 percent. However, recent headlines have exposed numerous vulnerabilities and cyberattacks targeting blockchain technology.
