Definition ∞ A multi-signature bypass is a security vulnerability or technique that circumvents the requirement for multiple approvals before a transaction can be executed. In systems utilizing multi-signature wallets, which demand a predefined number of digital signatures for authorization, a bypass would allow an unauthorized party to proceed with an action without meeting these criteria. Such vulnerabilities pose a significant risk to the security of digital assets.
Context ∞ Reports of multi-signature bypasses are critical security alerts within the cryptocurrency domain, particularly for exchanges and decentralized autonomous organizations (DAOs) that rely heavily on these mechanisms. Discussions typically focus on the specific exploit vectors, the extent of assets compromised, and the immediate steps taken to mitigate the breach. Investigations into these incidents often lead to improvements in smart contract auditing and security protocols.
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