RE: Newbie Hacks Ethereum Parity Wallets for $150 Million.

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Newbie Hacks Ethereum Parity Wallets for $150 Million.

in ethereum •  7 years ago 

This Doesn't Look Like an "Accident" or "Newbie" Event

I'm guessing there's a more than 50% chance this was done on purpose, by someone who knows the Parity Wallet code...

ethereum
7 years ago by

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      ·  7 years ago (edited)

    he deleted library code making the ethereum unusable

    Had they the knowledge of Parity code would have stolen funds and not lost their own.

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      [-]
        ·  7 years ago 

      Exactly what portion of Eth users are/would be effected by this? I dont use ETH much, only when necessary in trades and even then I just use a Jaxx wallet. So I'm not really familiar with how interconnected this Parity wallet thing is within the ETH ecosystem.

      Maybe you could explain?

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      1 vote
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        ·  7 years ago 

      its a wallet for multi sig contracts usually ICOS for more details check there site https://paritytech.io/

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      1 vote
      [-]
        ·  7 years ago 

      A Chunk of Ethereum, Already Connected With Tokens, Will Not

      be moving until the developers of the parity wallet code (which was used to issue the tokens) fix their issue and unlock the tokens.

      In Short

      the ethereum which was already locked away for use as tokens, is still locked away for use with tokens. The parity wallet team needs to figure out how to get things moving again.

      Go Be Awesome! :)

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        1 vote
        [-]
          ·  7 years ago 

        Funds are trapped and parity team dont know if can be fixed

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          [-]
            ·  7 years ago (edited)

          Unless stealing was not their intent. And losing a single token? Where is this a tragedy? Unless I'm missing where some vast ethereum amount is now gone?

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            [-]
              ·  7 years ago 

            the user did by accident,
            $150 million funds effected,
            not gone but not usable.

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              [-]
                ·  7 years ago 

              $150 Million which did not belong to them, so no personal loss.

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                [-]
                  ·  7 years ago 

                it was a loss for holders and investors

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