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"On Wednesday 19th July, 2017 a bug found in the multi-signature wallet ("multi-sig") code used as part of Parity Wallet software was exploited by parties unkno
by grubles 9y ago
"On Wednesday 19th July, 2017 a bug found in the multi-signature wallet ("multi-sig") code used as part of Parity Wallet software was exploited by parties unknown. As of the time of writing, three wallet accounts holding large balances of ETH have been compromised and the balances moved into accounts held by the attacker."
https://blog.ethcore.io/the-multi-sig-hack-a-postmortem/ https://blog.ethcore.io/the-multi-sig-hack-a-postmortem/
- StronglyTyped 9y agoParity is a 3rd-party wallet application and is not Ethereum.
- grubles 9y agoParity accounts for roughly 5,000 of all Ethereum nodes (of which there is no "official" "1st-party" implementation) [0]. As a result of being so popular, Parity users were collectively robbed of $30,000,000 of Ether due to the multisignature (typically used to secure funds versus single-signature-required transacting) smart contract bug. [0]https://www.ethernodes.org/network/1 https://www.ethernodes.org/network/1 [1]https://www.coindesk.com/30-million-ether-reported-stolen-parity-wallet-breach/ https://www.coindesk.com/30-million-ether-reported-stolen-pa...