No, this function (the init function) was public for a reason - it must be callable by anyone, since it's the thing you call when you want to create a new walle

No, this function (the init function) was public for a reason - it must be callable by anyone, since it's the thing you call when you want to create a new wallet! And the kill functionality has been non-public, it required the caller to be the wallet owner - which the guy who triggered all of this unfortunately was, due to him being the first who initialized the "shared library" as a wallet. I would say there are many ways to look at this with regard of "what went wrong": - You could say that it's a very, very bad idea to share ANY code between individual wallets which - from a functional standpoint - should not have any intersections between them whatsoever (except of using the same blockchain of course). Individual wallets are DESIGNED to fully isolate the contained tokens and state from each other, so why not also fully isolate their code by duplicating it? Is saving a bit of gas on wallet creation actually worth the additional complexity that comes with code sharing? Seems like someone took the "DRY" principle to a very unhealthy extreme here. - Apparently the explicit construct of libraries described here (http://solidity.readthedocs.io/en/develop/contracts.html#libraries http://solidity.readthedocs.io/en/develop/contracts.html#lib...) is not very well-known in the Ethereum community. I did not know about it (someone here on HN pointed me to it), and while this is understandable considering that I have just a tiny stake in ETH and don't write Ethereum contracts for a living, the fact that Gavin Wood - co-creator of Ethereum - did apparently also not know about it (or for some reason decided not to use it for this library, which would be equally concerning, because if it's not usable for a textbook example like this, it must be seriously flawed) should cause a bit of head-shrugging. Because according to the docs, this construct delivers a crucial limitation with which this entire drama would have been impossible: libraries don't need their own state! So it's just consequential to not allow them to have any state (like an owner, or ETH funds), which apparently is exactly what the library construct does. - Maybe this incident is just another bit of proof to the theory that the combination of immutability, handling of huge monetary values without any human oversight at all, and the idea of a Turing-complete language just don't mingle together very well. If you're not able to manually interfere in case stuff goes wrong in a way you didn't anticipate, you need to be able to basically anticipate absolutely all ways in which stuff can go wrong beforehand. A Turing-complete language seriously complicates doing this, possibly to an extent that kicks the entire concept beyond the realm of practicability. If this turns out to be true, the entire value proposition of Ethereum would be void right from the beginning.