DeFI News by Thebittimes.Com

IBM has announced a new crypto cold storage technology called the IBM Hyper Protect Offline Signing Orchestrator (OSO). This tech enhances the security of digital asset transactions in cold storage , minimizing risks typically associated with manual handling of these assets while maintaining their separation from online environments. The OSO technology results from IBM’s collaboration with Metaco, a leading digital asset custody provider and an IBM Business Partner. Metaco’s Harmonize platform, renowned for its robust and secure digital asset orchestration system, will integrate the OSO solution.  You might also like: CFTC Commissioner says Binance’s $4.3 billion settlement due to rule-breaking, not fraud This technology bridges two critical components of Metaco Harmonize, functioning within separate Hyper Protect Virtual Server environments. One component, the Harmonize Core, processes signing requests from external sources, while the other, the Harmonize Co...

A day back it was revealed that a handful of wallets connected to the now-defunct Canadian exchange QuadrigaCX abruptly moved 104 Bitcoins [BTC] out of cold storage. The said move was the first in more than three years. As pointed out in our article yesterday, the transfers were not started by Ernst and Young (EY), QuadrigaCX’s bankruptcy trustee. The Big 4 accounting firm issued a statement on its part a few hours back. It acknowledged that it has “become aware” of the unauthorized movement of Bitcoin. It clarified, “ Ernst & Young Inc. acting in its capacity as court appointed Monitor and subsequently as Trustee in Bankruptcy worked with management and others to recover the bitcoin transferred to these wallets. However, the private k EY s associated with the cold wallets have not been located despite the detailed review.” Re-confirming that EY did not initiate the transfers, the statement noted, “The locked bitcoin r...