Parity Wallet Hacker Cashes Out $90,000 In Stolen ETHER

Roughly $90,000 in stolen ether confiscated as a result of a bug in a popular ethereum wallet software service yesterday have been cashed out, blockchain data shows.

As reported by CoinDesk, a total of 153,000 ethers were drained on July 19 due to a security bug in multi-signature wallet software offered by the startup, UK-based Parity Technologies. In a blog post yesterday, Parity went so far as to warn users that the bug was "critical," advising them to take steps to safeguard their funds while the issue was resolved.

However, the stolen funds continue to move. As of press time, 70,000 ethers have exited the hacker's address in seven consecutive transactions, each worth 10,000 ethers.

Data further shows the first transaction (which through two subsequent addresses), successfully cashed out 400 ethers via a cryptocurrency exchange service called Changelly. The price of ether around the transaction time was around $220, making an outflow worth nearly $90,000.