Daily: Millions of Ethereum Frozen due to Parity Bug

in bitcoin •  13 days ago

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

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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

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.

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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