Definition ∞ A multisig emergency refers to a critical situation requiring immediate action within a system protected by a multisignature wallet, typically involving the rapid recovery or transfer of assets. This often arises from security breaches, key loss, or the compromise of a majority of signing parties. Protocols for such emergencies are crucial for safeguarding digital funds.
Context ∞ Multisig emergency is a term that frequently appears in crypto news when discussing security incidents or recovery efforts for decentralized autonomous organizations or other projects using multisig wallets. The effectiveness of emergency protocols is a key factor in mitigating losses during such events.
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