Tag Archives: Parity

Parity considers fixes to Ethereum wallet debacle as some claim service was hacked

The debacle that saw hundreds of millions worth of Ethereum cryptocurrency left frozen in wallets provided by Parity continues, juiced by a new accusation that the alleged accident may have been the result of hacking. Parity wallets were frozen last week after it was alleged that a security vulnerability was “accidentally” triggered, causing a library […]

Parity Technologies May Consider Ethereum Hard Fork to Undo Funds Lock-Up

Parity Technologies, the developer of multi-sug wallets for Bitcoin and Ethereum, has issued an update on its investigation over the critical vulnerability that has resulted in 513,774.16 ETH, equivalent to approximately $161 million, being permanently frozen in its wallets. Parity revealed that, while continuing to fix the bug, their efforts to undo the damage have […]

Parity Team Publishes Postmortem on $160 Million Ether Freeze

The team behind the Parity ethereum software client has released new details on how a critical code flaw resulted in the freezing of $160 million worth of ether. As it stands, there remains no immediate solution to renewing access to those funds – a situation which Parity acknowledged has caused “distress and anxiety” within the […]

Parity Ponders Hard Fork Fix for 160 Million in Frozen Ether

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Parity Technologies has released an update about their investigation into the multi-signature wallet bug that permanently froze hundreds of millions of dollars worth of ether. Unfortunately for wallet owners, the analysis has not yet revealed any turnkey solutions. Last week, 587 wallets […]

Parity Multisig Wallet Hacked, or How Come?

Background Multisignature wallets are smart-contracts designed to manage crypto assets by the consent of multiple wallet owners. This type of wallets usually allows to set daily withdrawal limits, vote for withdrawals, vote for ownership changes, etc. With the big surge in crypto prices this year, many people are now holding significant amounts of crypto assets. […]

Parity Floats Fix for $160 Million Ether Fund Freeze

Work continues on a possible way to free up the more than $160 million worth of ether stuck in multi-signature wallets following a dramatic hack last week. In a new update published today, the Parity software development team said that it is conducting a review of the incident and that it will be releasing a […]

‘Accidental’ bug froze $280 million worth of ether in Parity wallet

Millions of dollars’ worth of ether, the digital token of the ethereum blockchain, could be frozen on a cryptocurrency wallet because one individual “accidentally” triggered a bug. Parity, a cryptocurrency wallet provider, said in a security alert Tuesday that it had discovered a “vulnerability” in its wallet that allowed users to change code and become […]

De-briefing Ethereum’s Parity Predicament: What’s Next?

After an unidentified actor “accidentally” triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer – is this vulnerability an anomaly? An “I told you so”? Or a humbling opportunity to secure the Ethereum network? What Happened? On November 6, “Devops199,” an alleged amateur […]

De-briefing Ethereum’s Parity Predicament: What’s Next?

After an unidentified actor “accidentally” triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer — is this vulnerability an anomaly? An “I told you so”? Or a humbling opportunity to secure the Ethereum network? What Happened? On November 6, “Devops199,” an alleged amateur […]

‘Plenty of Time’: Parity Rep Says Startup Won’t Push for Emergency Fork

Parity Technologies is not pushing for an immediate hard fork to recover millions in ether funds locked up after a vulnerability was triggered. Days after a developer “accidentally” deleted a code library for the Parity wallet, Afri Schoedon, technical communications lead at the startup, said the issue may be addressed at a later date – possibly […]

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