Parity multisig wallet exploit hits Swarm City funds — Statement by the Swarm City core team (Matthew Carano)
At approximately 12:30 PM ET Bernd Lapp, Business Hive leader noticed that the entire contents of the Swarm City ETH multisig wallet had been drained. Bernd checked the receiving address and noticed a few very large transactions had hit the same wallet. Collaboration between several dev teams and the Ethereum Foundation revealed that malicious actors had exploited a flaw in the Parity Multisig codebase, which allowed them to steal over 153,000 ETH from several projects including Edgeless Casino, Aeternity, and Swarm City.