Tag Archives: Millions

What happens when millions of dollars of bitcoin and other cryptocurrencies disappear?

Buy, sell, or steal.JUSTIN TALLIS/AFP/Getty Images Tether, the company behind a cryptocurrency that’s pegged to the U.S. dollar, disclosed in a now-deleted announcement that hackers transferred almost $31 million worth of tokens from its treasury to an unauthorized bitcoin wallet on Sunday. Tether claims it has updated its software to prevent the tokens from leaving […]

Ethereum Wallet Company Knew About Critical Flaw That Let a User Lock Up Millions

After someone going by “Devops199” managed to permanently lock up millions of dollars worth of other people’s Ethereum funds last week, the company that created the vulnerable code published a postmortem on the incident on Wednesday. It doesn’t look good. According to Parity’s breakdown of the fiasco, the digital wallet company knew about the critical […]

Software Bugs Responsible For Causing Cryptocurrency Loss Well Into The Millions

It has emerged that a software bug was at fault for accidently losing $300 million in cryptocurrency. This follows a previous bug that led to the theft of $32m in July. Ethereum, arguably the second most important cryptocurrency, after Bitcoin, is currently looking in to ways of rectifying the situation, but should have it been allowed […]

Hudreds of Millions of Dollars in Ether Stuck, Where Does Ethereum Go?

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Earlier this week, as CCN reported, a bug in the Parity software of Ethereum was discovered, effectively freezing hundreds of millions of dollars in Ether as a consequence. Initially, many speculative reports were made on social media, to which the Parity development […]

Ethereum wallet vulnerability freezes hundreds of millions of dollars

Ethereum is a hugely promising blockchain technology which has really taken off this year, thanks in no small part to the backing of major companies like Microsoft, Intel and Cisco. It is also super valuable as a cryptocurrency, being worth around $28 billion, and a great platform for ICOs (Initial Coin Offerings). So, many startups are now turning […]

Critical bug in popular cryptocurrency wallet freezes millions of Ethereum

Earlier today, Parity Technologies, the company behind the popular Ethereum Parity Wallet, issued an announcement to inform users that multi-sig wallets created after July 20 are experiencing a severe vulnerability that makes it impossible to move funds out of affected wallets. The bug has practically left a slew of cryptocurrency enthusiasts locked out of their […]

A major vulnerability has frozen hundreds of millions of dollars of Ethereum

Today is not a good news day for Ethereum. A  vulnerability found within a popular wallet has frozen potentially hundreds of millions of dollars of the crypto currency in a second setback in recent months. Parity Technologies, the company behind widely used wallet service Parity, today disclosed an issue that could enable the contents of a […]

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