HelpNet Security: How to Eliminate the Weak Link in Public Cloud-Based Multi-Party Computation

Secure multi-party computation (MPC) has seen steady evolution to tackle many scientific challenges. These include enabling the creation and tuning of AI or machine learning algorithms, as well as developing open-source software and games. Now, digital finance and multi-party business initiatives are increasing the use of MPC in the public cloud. MPC has become a primary technology used by wallet providers and custodians to secure crypto assets.

MPC has seen a growing number of targeted attacks and losses. The hacking of the cryptocurrency exchange Liquid resulted in a $97 million loss and included unspecified damage to its warm wallet used to warehouse and manage delivery of its cryptographic assets.