"With our BitGo wallet solution it becomes impossible for our users to lose their bitcoins due to us being hacked or stealing them."

So wrote Bitfinex CFO Giancarlo Devasini about the bitcoin exchange's then-new multi-signature security architecture roughly a year before $60m was stolen in one of the industry's highest-profile hacks this week.

While we know that multi-sig accounts were impacted by the hack (which doesn’t look good for the security feature), it's still unclear exactly how this breach occurred. Still for many it begs the question, what does this breach mean for multi-sig technology, an innovation often heralded as the future of bitcoin security?

Read full: http://www.coindesk.com/bitcoin-bitfinex-hack-multi-sig/

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