#BitGo, a cryptocurrency wallet, has fixed a serious vulnerability that could have exposed private keys of its users.

The flaw was discovered by the #Fireblocks cryptography research team in December 2022 and was fixed in February 2023

#BitGo, a cryptocurrency wallet, has fixed a serious vulnerability that could have exposed private keys of its users.

The flaw was discovered by the #Fireblocks cryptography research team in December 2022 and was fixed in February 2023.

private keys of exchanges, banks, #businesses and users of the platform.The #Fireblocks team named the vulnerability the BitGo Zero Proof Vulnerability, which would allow 

The #Fireblocks team outlined how it identified the exploit using a free BitGo account on mainnet. A missing part of mandatory zero-#knowledge proofs 

#Fireblocks was able to prove that internal or external attackers could gain #access to a full

shard to take control of the wallet.#FireBlocks #noted that no attacks have been carried out by the identified vector but warned users to 

#Fireblocks was able to prove that internal or external attackers could gain access to a full #private key through two possible means.

The #Fireblocks team outlined how it #identified the exploit using a free BitGo account on mainnet

The #Fireblocks team named the vulnerability the BitGo Zero Proof Vulnerability, which would allow potential attackers to extract a private key in under a #minute using a small amount of JavaScript code.

While there are great solutions like #Fireblocks, the major issue is that most, if not all, of these solutions are not regulated custodians from an #SEC standpoint.

Building Blocks Event for Web3 Startups Announced for #ETH TLV With Collider, #Fireblocks, and #MarketAcross