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Oct 28, 2026

Google Cloud previews multi-party compute service for cryptocurrency custody

Google Cloud is advancing a multi-party compute (MPC) service that allows financial institutions to jointly authorize cryptocurrency transactions by splitting private keys across multiple parties, with no single entity controlling the complete key. The service is currently in private preview with major financial institutions testing it, and Google is targeting a broad release in early 2027.

Oct 28, 2026·9 sources
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Aug 15, 2026

DeFiLlama deliberately allowed fake app to drain wallet to force Apple removal

DeFiLlama founder 0xngmi downloaded a fake DeFiLlama app from Apple's App Store, funded a wallet, and let the scam app steal the funds as proof of the scam. Apple removed the fake listing days later after months of inaction on reports.

Aug 15, 2026·4 sources
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Top claims

  • ▪Google Multi-Party Compute splits private cryptographic key fragments across separate environments, allowing financial institutions to distribute key shares across on-premises hardware, Google Cloud, and competing cloud providers.
  • ▪Google researchers estimated that a sufficiently powerful future quantum computer could theoretically derive a Bitcoin private key from an exposed public key in approximately 9 minutes.
  • ▪CERT/CC recommended keeping chain codes confidential and avoiding reliance on hardened key derivation to isolate signer shares until Fireblocks corrects its mpc-lib library implementation.

Topics

Institutional crypto adoptionMPCPrivate key compromiseCrypto securityCrypto custodyKey managementCrypto hacksDeFi