Hacker steals $30 million worth of ETH from Parity

in ethereum •  8 years ago 

Ethereums-Parity-Users-Lose-Millions-in-a-Multi-Sig-Hack.png

A Vulnerability Found in the Multi-Signature Contract “Wallet.sol” Used in Parity Clients

According to the company Parity and the firm’s founder Gavin Wood, the startup’s product the Parity wallet version 1.5 and above contained a bug that enabled the theft of $30 million worth of ETH.

The vulnerability discovered in these specific Parity wallets used a multi-signature contract called “wallet.sol” and the contract was utilized by a few initial coin offerings (ICO) as well. Circulating reports believe that three particular ICO projects were compromised including Swarm City, æternity, and Edgeless Casino.

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Should we use Parity now? I have not been to Parity. Can you give us a link to Parity? Will hackers get into Bittrex or Poloniex or others? Scary. Interesting. Thank you. I'm DOCTOR OATMEAL from the Original Oregon Island. I'm the one & only JOEY ARNOLD of VIETNAM HAWAII. I'm the Ghetto Joe Cool Kid of MAGA.

It was a vulnerability in the Parity wallet client that allowed hackers to steal from them
It is fixed now