Parity Multisig Wallet With Bugs -150,000 ETH (~30M USD) Stolen
I will update this as going. For now move funds off parity if you are using it.
Currently those ICOs funds were cleared:
- Edgeless Casino (@edgelessproject)
- Swarm City (@swarmcitydapp)
- æternity blockchain (@aetrnty)
Transactions
Official Confirmation
Expect ETH dump on trading ie leverage BitMex
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what is interesting it was a very simple bug, unnoticed for 6months any smart 12y kid could make that hack.
https://steemit.com/ethereum/@behamot/is-that-simple-mistake-cost-usd32-millions-in-recent-parity-hack
I think the future of cryptocurrency is bleak if we can't figure out a way to get better security. If things keep going as they have the majority of crypto will be owned by hackers. Im sure we will get it all figured out, I just hope it is in time. I myself bought a Trezor wallet yesterday so I can store my Bitcoin on a secure offline device.
similar with theDAO :)
also they say this hack wallet is connected to theDAO one that made ETH split with ETC
Was Coindash also affected by this same 'bug'?
I wrote quick run down on the coindash debacle if you want to get upto date on it. Simply unbelievable in this day and age, especially for a crypro ICO.
https://steemit.com/crypto/@simondocherty/ico-madness-the-coindash-debacle
Nope - their website got hacked and ICO address changed ;)
Ethereum hacks this week has been costly.
Its part of crypto world. If companies create untracable,decentralized, vurtual currencies then they will asks for attacks! Technology from hackers is always catching up. This haveing a negative impact on digital currency.
Which is why it is so important for people to know how to securely protect their finances. Just goes to show sometime a little information is more dangerous than none.
Ugh... this sucks for Parity as I really like their wallet. But, all of this is ultimately will contribute to more secure things.
Sad. Thank you for sharing.
Doesn't help the credibility of crypto in general to have this stuff keep happening.
Agreed but I think the general populace will forget pretty quickly. People are funny like that especially when there are profits to be had.
Apparently the same Hacker from the DAO.
This speaks for On-Chain Multi-Sig of @NEM
Every thriller is boring compared to Crypto. Sadly true
One has to think: is ETH market cap so high in spite of this major flaws... or because of it? ;-)
(turn on subtitles, obviously :-)
Which we fear eventually happens.
I once exchanged opinions with a friend who played in this field.
I tell him, sometime this field will definitely be the main target of hackers.
Which I fear eventually happens.
Hopefully we can all protect all our property from hackers.
To @kingscrown I thank you for your information and suggestions.