GridPlus Hardware Wallets Could Have Helped Prevent the $1.5B Bybit Crypto Hack. Here’s How.
The GridPlus Lattice1 could have helped prevent the $1.5 billion Bybit hack - a security breach that exploited weaknesses in how transactions are approved in crypto wallets. The effectiveness of this exploit, and others like it, depends on users not being able to verify what they are signing on a secure device. GridPlus pioneered Clear Signing for smart contract chains to better address this specific vulnerability.
Lattice1 Firmware v0.18.3 Released
GirdPlus Lattice1 firmware v0.18.3 is now available! The two firmware updates released this month (v0.18.2 and v0.18.3) include several improvements to Solana signing, security improvements, small bug fixes, and user feature requests.
What is a Multisig Wallet?
A multisig or multi-signature wallet is a blockchain wallet where there are two or more signatures required to send funds somewhere else. This adds an extra layer of security and is usually set up in order to eliminate the possibility of a single person having complete control over the funds on a wallet - multi-signature wallets are commonly used by exchanges, crypto companies and DAOs to manage their token treasuries, exchange wallets and any other wallets with significant amounts of crypto held in custody by a company or a group of people and not an individual. Picture a modern bank...
Cold Wallet Storage
Dive into the world of crypto storage, understand the importance of private keys, and how to keep them safe. Explore hot vs. cold storage options, highlighting the most secure solutions for your crypto holdings.