This is old news. I feel like the intention of OP is to create panic and FUD among ETH holders.
Also, important point to notice is the fact that ETH itself did not have the vulnerability rather the platform on top of ETH had the problem.
Topic: A hacker stole $31M of Ether (Read 1154 times)
holding cryptos are always risky.
Yesterday? looks like OP didn't edit anything just copy pasted from here this incident happened in July.
https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
Also, probably this should have been posted in the Press section of the forum. Anyway, at least he credited the author of the aritcle. Maybe it would have been better if this was posted on the day the article was released. Another point is that this article has no point here, since there is nothing to be discussed aside from the article posted, such activity could have been done in the article itself.
OP is not updated for posting this article up and maybe he's on shock for seeing a huge loss by this scamming event. And I would love to agree with you that this topic should be moved there so that people who seeks proper articles on this kind of scenario can easily find and make this place clean for unrelated topic since we are at the service announcement section.
Yesterday? looks like OP didn't edit anything just copy pasted from here this incident happened in July.
https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
Also, probably this should have been posted in the Press section of the forum. Anyway, at least he credited the author of the aritcle. Maybe it would have been better if this was posted on the day the article was released. Another point is that this article has no point here, since there is nothing to be discussed aside from the article posted, such activity could have been done in the article itself.
Yesterday? looks like OP didn't edit anything just copy pasted from here this incident happened in July.
https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
Lol shit wallet with non random keys. That's hilarious. Hmmmm should ETH hard fork on a dime like the last few times everything went to shit after a hack? Such a shitcoin.
I'm hear this before but it's a white hacker.. Lucky. 
I'm using MyEtherWallet is it safe? I also have some ETH coins from Etherdelta is it safe there too?
The criminal energy and sophistication is incredible. Breaking into a simple wallet is hard enough. And you have these criminals who must be very educated. They have a strong technical know how if they can exploit vulnerabilities of these wallets within minutes. The mathematics of data encryption is not for a newbie. This is a highly coordinated work of intelligent felons.
This exploit had nothing to do with encryption or cryptography. It was a simple run-of-the-mill bug that got overlooked by code review and found by the wrong people.
In most cases the bug would have simply been reported or left unnoticed for a long time such as Apple's gotofail and Heartbleed. However a bug that could potentially net you a 9 digit sum of anonymous digital money with little to no recourse... that's one very tempting bug bounty.
Wow, that a big amount! Hackers hackers everywhere. Sometimes I think what's the use of amassing so much wealth when a hacker can steal em' all. No matter how much precautions u take, they always find a way to screw us....
The criminal energy and sophistication is incredible. Breaking into a simple wallet is hard enough. And you have these criminals who must be very educated. They have a strong technical know how if they can exploit vulnerabilities of these wallets within minutes. The mathematics of data encryption is not for a newbie. This is a highly coordinated work of intelligent felons.
Stealing $31m in minutes is to be condemned but somehow I feel like they are to be commended for the feat. As much as I detest thieves, pulling it off in minutes is almost not human and rivals if not even surpasses legendary thefts of the past century.
Stealing $31m in minutes is to be condemned but somehow I feel like they are to be commended for the feat. As much as I detest thieves, pulling it off in minutes is almost not human and rivals if not even surpasses legendary thefts of the past century.
So what is the intention for posting this old shit here? Do you want to create some panic so that ETHER price would go down? maybe we doesn't know the real score on this post but maybe it's very best to each one of us to move to another level and forget the old issue surround by it. ETH is became more stable these days and maybe it can gain its own momentum later on next month.
It is old news but good to repost it here because we even don't have enough time to roam whole news pages outside the forum.
The hacker who looted this massive amount of ethereums looks a professional in this field,may have also some other previous successful hack attemps.
The hacker who looted this massive amount of ethereums looks a professional in this field,may have also some other previous successful hack attemps.
I also believe this has happened few month(s) ago. But im not sure wether they hacked the "other" accounts or did they stole it back from the hacker him self ? That's what i remember reading.
Yes. This happened a month ago. Not sure why OP is resposting this here.What happened is also clear in the news:
Hackers found a way to exploit a flaw in the Parity multi-signature wallet, which lead them to steal $31 millions worth of ETH. After that, a white-hat hacker team used from the same exploit to drain the remaining ETH ($85 millions worth) from other wallets with the same vulnerability, so they could prevent the bad guys from taking more ETH.
what is source of this article because this happen before also this new hack again ..form where you get this news ??
Please go here : https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce?source=grid_home---8---ethereum---1-36---------------
I also believe this has happened few month(s) ago. But im not sure wether they hacked the "other" accounts or did they stole it back from the hacker him self ? That's what i remember reading.
Is there any explanation online on how the hack could have happend? The technical details behind it? This seems pretty big to me. Wondering why i haven't really heard about it.
So it was a security bug in the Smart Contract itself?
It's old news and it was caused by a bug in the multi-sig part of the smart contract itself. Not the first time this happened on Ethereum and judging by the language and platform design of Solidity most likely not the last.
Maybe someone with deeper knowledge of Ethereum can correct me, but the root of the error was supposedly a wallet initialization function that was accidentally exposed as a public function. I still don't get the rationale behind making Solidity functions public by default, on a platform that is supposed to uphold billions of dollars worth of irreversible transactions.
It's last month's new buddy.
https://www.cnbc.com/2017/07/20/32-million-worth-of-digital-currency-ether-stolen-by-hackers.html
https://www.cnbc.com/2017/07/20/32-million-worth-of-digital-currency-ether-stolen-by-hackers.html
cant bee real cripto still not hacked but anyone is to hard hacked this
So it was a security bug in the Smart Contract itself?
Jump to: