Binance’s CEO, Changpeng Zhao, has come forward to address concerns regarding the BitForge vulnerability. This security issue, as uncovered by the Fireblocks research team, has been identified in some of the most widely adopted multi-party computation (MPC) protocols, including the likes of GG-18, GG-20, and Lindell17.
Changpeng Zhao, in a reassuring statement, declared via Twitter today, “This issue was present in the Threshold Signature Scheme (TSS) Library Binance open-sourced, which has been fixed. Thanks to Fireblocks for uncovering it! No Binance user funds affected. Even MPC custody solutions have risks. Stay #SAFU!”
Diving Deeper Into The BitForge Findings
Fireblocks’ research unveiled that BitForge is a series of zero-day vulnerabilities that could potentially allow attackers with privileged access to drain funds from wallets without the knowledge of the user or vendor, often in mere seconds.
The vulnerabilities in…
