Daily: Millions of Ethereum Frozen due to Parity Bug

in bitcoin •  last year

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

Polkadot: https://twitter.com/polkadotnetwork/status/927880762053021702?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Subscribe to my YouTube Channel: https://www.youtube.com/c/boxmining

Website: http://boxmining.com
Steemit: https://steemit.com/@boxmining
Twitter: https://twitter.com/boxmining
Facebook: https://www.facebook.com/boxmining

🤑 Buy Bitcoin: https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87

Trade on Binance:

💰 Secure your Crypto with Hardware Wallets:
Ledger: https://www.ledgerwallet.com/r/428b

💪Donations (Message me for Shoutouts!):
Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz
Ethereum: 0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a

💱Software Wallet:
Windows/Mac/linux: http://exodus.io

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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

This post has been ranked within the top 80 most undervalued posts in the second half of Nov 08. We estimate that this post is undervalued by $10.42 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Nov 08 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

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