Fireblocks Finds Weaknesses in Crypto Wallets with MPC Tech!

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Fireblocks, a digital asset security company, has determined a series of vulnerabilities that could compromise the security of cryptocurrency wallets using multi-party computation (MPC) technology. The vulnerabilities, dubbed BitForge, could permit attackers to manipulate transactions and misappropriate funds from the wallets. MPC technology allows multiple parties to control and manage cryptocurrency holdings, making it a popular choice for institutional investors. Fireblocks has urged cryptocurrency wallet providers to update their systems to safeguard against these vulnerabilities.