Google Cloud & inabit Join Forces: A $125M Crypto Security Boost?
inabit and Google Cloud team up to secure crypto with Confidential Computing, tackling $125M hacks. A safer future?
Crypto security just got a major upgrade. On May 13, 2025, Tel Aviv-based firm inabit partnered with Google Cloud to enhance crypto transaction safety using Google’s Confidential Computing technology, as reported by crypto.news. This collaboration aims to prevent private key breaches, a growing threat after hacks like the $125 million Multichain theft in 2023. With insider threats and external attacks on the rise, this move could set a new standard for secure digital asset management.
What’s the plan? inabit’s proprietary Trusted Computing Mechanism, paired with Google Cloud’s Confidential Space, keeps private keys encrypted even during transactions. Dr. Geva, inabit’s CEO, said, “We enable businesses to embrace crypto securely,” targeting institutional adoption by aligning crypto with traditional finance systems. This comes as the industry faces scrutiny—think Celsius CEO Alex Mashinsky’s 12-year sentence for fraud on May 9, 2025, or the $5 billion in “dark stablecoins” flagged by CryptoQuant’s CEO, which could destabilize markets.
What’s the impact? For new investors, this could mean safer wallets and more trust in crypto platforms. If successful, it might encourage bigger players to enter the space, especially as Bitcoin holds steady at $100,771 despite a recent $2K dip. However, Google’s past controversies—like the withdrawn Reddit partnership story on March 17, 2025—raise questions about reliability. Plus, while this tech addresses hacks, it can’t stop scams or regulatory risks, like the US’s shifting stance on crypto tax rules after Congress repealed the DeFi Broker Rule in April.
What should you do? Use platforms with strong security, but stay vigilant—research thoroughly and diversify. Tech can’t fix human greed or regulatory curveballs, so only invest what you can afford to lose.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
