Multisigs mean funds in bridges are ‘one small slipup’ from being hacked By Cointelegraph

Multisigs mean funds in bridges are ‘one small slipup’ from being hacked

Cryptocurrency Jul 02, 2022 04:00AM ET

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Multisigs mean funds in bridges are ‘one small slipup’ from being hacked

The recent exploit on Harmony’s Horizon Bridge revealed the inherent flaws with multisignature admin keys that leave projects and their users “one small slipup” from deep trouble.

Two crypto project leads expressed their concern that the expansion of the multichain ecosystem could be hampered by the use of multisig contracts due to the dangers they pose with bridges keeping crypto funds safe.

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Multisigs mean funds in bridges are ‘one small slipup’ from being hacked

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