- iSDaily Wednesday – March 21st, 2018 – Episode 046
On this episode of iSDaily Wednesday with The One True Niz and Paul Gordon, On NewsFire, Meet the Road Turned Google Pirates of Raleigh On Skynetter, Bad Social Credit Gets You Kicked off the Bus in China On Liberty Tech, 3D Printing Homes for the Homeless [...]The post iSDaily Wednesday – March 21st, 2018 – Episode 046 appeared first on iState. […]
from news.bitcoin.com – On July 19 the ethereum community was warned that the Parity client version 1.5 and above contained a critical vulnerability in the multi-signature wallet feature. Further, a group of multi-signature “black hat exploiters” has managed to drain 150,000 ether from multi-sig wallets and ICO projects.
Ethereum’s Parity Client Users Lose Millions in a Multi-Sig HackAccording to the company Parity and the firm’s founder Gavin Wood, the startup’s product the Parity wallet version 1.5 and above contained a bug that enabled the theft of $30 million worth of ETH. The vulnerability discovered in these specific Parity wallets used a multi-signature contract called “wallet.sol” and the contract was utilized by a few initial coin offerings (ICO) as well. Circulating reports believe that three particular ICO projects were compromised including Swarm City, æternity, and Edgeless Casino.
The Parity startup had issued a security warning on its website on July 19 detailing the extent of the issue stating;
A vulnerability in Parity Wallet’s variant of the standard multi-sig contract has been found — Immediately move assets contained in the multi-sig wallet to a secure address.
So far a group of multi-signature “black hat exploiters” has managed to drain 150,000 ether from multi-sig wallets and ICO projects.
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