inabit and Google Cloud team up to strengthen crypto transaction security
Tel Aviv-based crypto security firm inabit has partnered with Google Cloud for better crypto protection using Google’s Confidential Computing technology.
The collaboration aims to prevent private key breaches and ensure secure cryptocurrency transactions, addressing rising threats from insider access and external hacks, crypto.news can exclusively report.
The urgency for better security was highlighted by the July 2023 Multichain hack, where attackers stole over $125 million due to compromised private keys.
Private keys will stay encrypted
inabit’s solution combines its proprietary Trusted Computing Mechanism with Google Cloud’s Confidential Space, enabling private keys to remain encrypted…
