Daily: Millions of Ethereum Frozen due to Parity Bug
A bug in popular parity's multisignature wallet has caused millions of dollars worth of Ethereum to be frozen indefinitely.
0:57 Market Analysis
2:05 Breaking: Parity Multi-Signature Wallet Suicide (Ethereum)
9:05 Papa John’s now accepting Bitcoin
Techcrunch article: https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend
Parity Official Statement: https://paritytech.io/blog/security-alert.html
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Thanks for the brief description of the Parity hack. Looking forward to hearing more technical details on how this happened. Sounds stressful.
@boxmining, please ask to Ivan on Tech to do another video commenting what caused the bug. The video that he did on the first one was pretty good! In case any of you are intereated the github issue is here: https://github.com/paritytech/parity/issues/6995
What's up dude! Great video, thanks for covering this. Have you heard of any direct impact with Bitfinex in particular? Please check my post out and maybe give me a follow ;-) https://steemit.com/eos/@truckminer1980/eos-transfer-out-of-bitfinex-to-exodus-wallet-please-help
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By carrying out a HF to reverse this will only set a precedent for the future. Let the mistake stand and people will learn from this. Unfortunately people will lose money but that's the nature of decentralisation.
Yo ,
Thanks for sharing