This vulnerability allows an attacker to extract a full private key from a wallet implementing Lindell17 2PC protocol, by extracting a single bit in every signature attempt (256 in total). Coinbase WaaS, Zengo and other libraries have been patched.
This newfound vulnerability allows an attacker to extract a full private key from any wallet using the GG18 and GG20 protocols. More than 10 wallets and libraries have been found vulnerable, including Binance custody.
Many industries are experiencing rapid growth thanks to the seemingly overnight advancement of new technologies. Artificial intelligence, for example, has swiftly gone from a vague possibility to being a major component in numerous digital systems and processes. Another technology that has somewhat snuck up on us is blockchain.
Gate.io, a leading cryptocurrency exchange and Web3 platform, has been successfully integrated into the Fireblocks Network. The exchange was able to connect seamlessly to the Network by using the Fireblocks Network Link, a powerful API standard that enables any crypto exchange to quickly and natively integrate into the Fireblocks ecosystem.
Imperium Markets has completed Australia’s first atomic settlement, or the instantaneous swapping of an asset for payment, with the eAUD – issued as central bank digital currency by the Reserve Bank of Australia. Utilizing Fireblocks’ battle-tested tokenization technology, Imperium Markets’ pilot saw two major banks – Westpac and Commonwealth Bank – successfully issue and invest in certificates of deposit.
In the pursuit of advancing security and transparency in the digital asset industry, Fireblocks has published our MPC-CMP code as open source under a limited license, along with the rest of our MPC library. As the demand for digital asset custody, tokenization, and Web3 among retail and financial institutions continues to rise, Fireblocks MPC-CMP has proven to be the most secure and reliable key management protocol.
Today, Estonian crypto platform, Kriptomat, launches its new Kriptomat GameFi Web3 Wallet for over 400,000 non-crypto native users to access Web3 games. The new offering was built using Fireblocks Web3 Wallet Link. Web3 games have yet to tap into the massive $120 billion mobile gaming market due to the intimidating and complex user experience.
Today, Brazilian-based Nubank, announced they are integrating Fireblocks into Nubank Cripto, the company’s in-app solution for buying and selling cryptocurrencies. With over 80 million customers across Brazil, Mexico, and Colombia, the world’s largest neobank leverages proprietary technologies to empower individuals and SMEs to foster financial access across Latin America.
Fireblocks will now offer flexible deployment models that aim to enable banks and financial institutions to leverage our industry-leading security and technology stack to quickly bring your digital asset initiatives into production while meeting your IT risk, compliance, and regulatory requirements. We are expanding our highly secure MPC-CMP wallet and key management technology to include: We will be hosting a webinar on July 19th at 10am EST to discuss our roadmap for financial institutions.
While cryptocurrencies have been celebrated for their potential to revolutionize finance, their anonymous nature has also been exploited for illicit activities. From drug dealing and arms trafficking to funding terrorism, black market activities have thrived under the cloak of cryptocurrency's pseudonymity. According to a report by Chainalysis in 2023, around $21 billion in crypto transactions were linked to illegal activities.
