News
Forensic analysis suggests an attacker took control of a whale’s multisig wallet minutes after creation and has been slowly draining funds since.
2921
Multisignature News
Multisignature is a scheme performed to protect an account from being compromised by a malicious user by allowing a group of trusted parties to sign a single document, mostly by producing a joint signature. Multisignatures are widely used in the cryptocurrency and fintech industries. Multisignature wallets are more protected from attacks than regular ones, due to the necessity of collecting the private data of several entities in order to hack them. Multisignature in Bitcoin, however, is technically not a multisignature, but just a protection with a number of additional distinct users’ signatures. There are a lot of multisignature Bitcoin and Ethereum wallets produced by third parties to provide supplementary protection for cryptocurrency users. Multisignature is often performed for corporate purposes to ensure a transaction is approved by management before initializing it.
- How to
Address poisoning attacks involve tracking, misusing or compromising cryptocurrency addresses.
18095 - Opinion
Institutional investors are eyeing DeFi, but security and compliance must improve to build trust and attract big players.
2073 - Market Analysis
Ether price is down nearly 6% even though Bybit has been buying in bulk. Cointelegraph explains why.
12559 - News
The Bybit hack has sparked debate between Bitcoin and Ethereum advocates, with Adam Back blaming EVM security flaws, while others point to multisig vulnerabilities.
19871 - Exclusive
It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.
2164 - News
The exchange received emails from Liminal with the correct destination addresses, implying that Liminal’s system was breached, WazirX claimed.
2055 - How to
Securing your cryptocurrency storage starts with selecting the appropriate software wallet. Using multisig wallets, 2FA and password managers are further steps.
2798 - News
Internet Computer Protocol smart contracts will soon be able to etch Runes, trade BRC-20 tokens and enable Bitcoin-based DeFi functionality.
22835 - Interview
Smart contract wallets promise many benefits to Ethereum users, including enhanced security capabilities and transaction programmability.
5830 - News
A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted.
20361 - News
The “Off Exchange” trading system was launched by Fireblocks, allowing institutions to trade without fully relinquishing custody.
7407 - Explained
To avoid impersonation scams in crypto, verify online profiles, be cautious of overly enticing offers, and employ multi-signature wallets for added security.
- News
Gitcoin’s project lead said the snafu has resulted in nearly half a million dollars of funds being locked in a one-way contract address.
6532 - News
Chainlink critics have reiterated concerns about the oracle network’s supposed centralization after a subtle adjustment to its multisig wallet.
12768