In 2023 alone, over $800 million was lost in crypto due to private key compromises. A good defense against these compromises is to use multisigs, but sophisticated attacks like the Oct’24 Radiant exploit have demonstrated that even the most advanced multisig wallets can be vulnerable when the security of individual members’ devices and keys is compromised.

This is where Range Security comes in. Through our partnership with Squads, we’re introducing our Advanced Multisig Security Solution for Solana, which addresses vulnerabilities beyond the wallet infrastructure. By securing multisig members’ physical devices, proactively monitoring on-chain activity, and enabling rapid incident response, Range Security ensures your team’s funds and operations are safer than ever.

Beyond Multisig: Closing the Security Gap

Multisigs are essential to secure treasury and operations management, but are not infallible. Attackers increasingly target the devices and workflows of individual multisig signers, exploiting both known weaknesses and zero-day exploits to gain unauthorized access. Last year, 80% of zero-day exploits detected by Google were linked to mobile devices, a number that will likely continue to rise. A single phishing attack, malware infection, or unverified transaction can undermine an otherwise robust system. 

Our partnership with Squads directly addresses this security gap by adding multiple critical layers of protection for high-value multisigs:

• Comprehensive Opsec Training: Tailored onboarding and opsec guidance for your team, with intelligence on the latest exploit mechanisms detected in the wild.

• Advanced Device Protection: Safeguard your team’s physical devices with industry-leading malware detection and mitigation solution, designed to protect against nation-state-level threat actors.

• Solana Transaction Security Standard: Take advantage of the Transaction Security Standard we’ve developed for Solana, allowing your multisig members to preview transactions, including interactions with smart contracts, ensuring they’re not unknowingly authorizing malicious activity.

• Onchain Monitoring and Alerts: Detect and be alerted to all activity in real-time, bring attention to suspicious activity, and reduce the response time to incidents.

• Incident Response Support: Get expert assistance to manage and mitigate security breaches effectively, with the full suite of our skills at your disposal.

Squad has already secured wallets with multisigs for treasury management, developer assets, and validator operations. Range Security protects the most vulnerable part of robust multsig systems - the people who manage them.

If your team manages a Squads multisig that controls a project with more than $10M in TVL or a critical organizational treasury, adopting Range’s solution is mission-critical. Recent exploits have proven that high-value wallets are prime targets, and the consequences of compromise can be devastating.

This partnership combines Squads’ state-of-the-art multisig infrastructure with Range’s Advanced Multisig Security Solution, providing a complete, proactive approach to safeguarding your team’s assets and workflows.

A view of our alternative UI for Solana multisigs using Squads

About Squads

Squads is Solana’s premier multisig platform, trusted by teams, protocols, and validators to secure billions in on-chain assets. Its intuitive interface, enterprise-grade architecture, and DeFi integrations make it the gold standard for treasury and developer asset management. Learn more at squads.so.