ethereum $110 million hack; Will we see another rollback and ETC.2? - page 3.

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: chongo on July 20, 2017, 07:00:51 AM

guys I am a nub, who is affected from the hack? I have my eth on a Mist Wallet on my PC. Can my ETH be stolen aswell? I also got 10 ETC on Bittrex do I have to worry them getting stolen too?
I would be awesome if someone can clarify what exactly can be hacked and what not?!
thank you

from what i understood, this is the problem with Parity wallet of ethereum project and only in their multisignature wallets not the regular ones.
and if you have a multisignatue wallet there will be an icon in your parity wallet indicating this to you.
(please note that i have never owned ethereum outside of an exchange, i am just saying what i have read online from news and some research).

Quote from: polylogic on July 20, 2017, 07:08:50 AM

the dao was no hack, it was a feature.

am i the only one who finds this extremely discomforting!

polylogic

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ʕʘ̅͜ʘ̅ʔ

most people in this thread have no idea what they are talking about Cheesy

i wonder if i should block them all and save the time reading stupid ish.

whoever was bashing garvin, please, you try to write some code for the network.
eth is hackers paradise? the freaking internet is hackers paradise.

code is never perfect. maybe satoshis bitcoin, but it clearly came from the future, outta space behind orions belt....
everything build by human can be destroyed by human and even worse.

crypto is still beta, full of scammers, hackers, coders, investors, wanna be millionaires and what not.
the dao was no hack, it was a feature.
and people loose money since money exists. chill

chongo

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guys I am a nub, who is affected from the hack? I have my eth on a Mist Wallet on my PC. Can my ETH be stolen aswell? I also got 10 ETC on Bittrex do I have to worry them getting stolen too?
I would be awesome if someone can clarify what exactly can be hacked and what not?!
thank you

qiwoman2

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Oikos.cash | Decentralized Finance on Tron

Quote from: dennyd999 on July 20, 2017, 05:29:56 AM

Sadly to say ,but it was Gavin Wood who maked a mistake in Parity wallet code.

Here is full code with explanation of hacked Parity wallet

https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol

Gavin Wood is the first Ethereum coder.

http://gavwood.com/

Thats means that this person maked bugs before, which leaded to DAO hack and he continues to make a mistakes in codes...Cmon Gav stop make a shit.

Gavin Wood - doing shity code since 2016.

PoS - could be another hackable Peace of Shit from Gavin.

ETH is hackers paradise.

How do we know that this same DUDE is not getting an army of hackers to hack and he is also earning from the hacked loot? Do we really know what's going on behind closed doors? We just see the tail end of all the garbage and hacks that keep happening as they slowly steal all our funds. I wish most of these ICOS would choose a another platform like Nxt, Waves or Stratis..Why are they all so hell bent on Eth?

LoyceV

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Quote from: Za1n on July 20, 2017, 12:55:39 AM

Quote from: Herbert2020 on July 20, 2017, 12:13:08 AM

Do you think we will see another roll-back like the DAO $50 million hack and will it leave us with ETH 2.0 fork? Grin

No. Even Vitalik is already chiming in to dismiss such talk:

https://twitter.com/vitalikbuterin/status/887782650026631168

Quote

Vitalik Buterin‏@VitalikButerin 9 hours ago

1. Ecosystem less mature then
2. More at stake then as % of all ETH
3 [most impt]. Today's attacker can just move funds, so HF is impossible

4. It's neighter Vitalik's own nor his friend's money. He only hard forks for his own financial gains.

Lipe490

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For what I see this attack wasn't on ETH it self or the code something like that. I do not see fork happening.

thejaytiesto

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Quote from: Herbert2020 on July 20, 2017, 12:13:08 AM

another huge loss for ethereum owners when the parity wallet multisignature was hacked and the hacker stole 153,037 ETH which is nearly $32 million worth of ETH.
https://ethplorer.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32

also another group of hackers took the opportunity to drain all the similar multisig addresses with the same vulnerability in ETH and similar tokens.
so far they have hacked the total amount of 379,999 ETH which is nearly $80 million worth of ETH
https://ethplorer.io/address/0x1dba1131000664b884a1ba238464159892252d3a

Do you think we will see another roll-back like the DAO $50 million hack and will it leave us with ETH 2.0 fork? Grin

ETH is just such an usafe place to be and it keeps showing. It would be hilarious to see ETH, ETH2 and ETC and ETC2 since it would always create 2 more splits not only one. In a long enough timeline there will be infinite ETH's because there will be infinite hacks... good luck with that.

SonnetStar

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I don't think a rollback should happen again. The first time was kind of a shock but now everyone knows that risk is possible and engaged with that knowledge. Another roll back would mean all credibility is lost for the coin

Voice-Of-Reason

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Taking my losses and never going back to ETH ever again

ryanben

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what would they do with the ETH which they had stolen? a group of hackers trying to attack ETH with purpose appropriation or any other reason?

AbbyS

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Excellence is an attitude

Vitali said no,
but the idea of a HF after every hack is scary and destabilizing for ETH

Fatunad

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Quote from: hase0278 on July 20, 2017, 05:03:09 AM

Quote from: NUFCrichard on July 20, 2017, 03:57:12 AM

I hope they do fork, if they do I will buy the pre-fork dip and enjoy having the ETH + ETC2 afterwards!
It doesn't sound like it is ETHs problem though, they can't hardfork everythime anyone using their system makes a mistake.

Also $35mil is a drop in the ocean now, the DAO was everything for ETH back then, this isn't. I still feel for those who were robbed though.

Too bad for those who were robbed, Is there a chance that they will still get their money back? Either way there will be a rollback in price for sure that is incoming , and this one dump might make eth fall back to it's original price. For now, A hardfork might be a good solution but they must make sure that this kind of thing will never happen again.

Theres no chance for those funds to be get back from their original owners and this hack of funds will surely make impact on ETH price and as you said hard fork would be a good solution but in exchange we would really go back to the previous lowest price for sure. I think its time to sold up some coins as of now Cool

dennyd999

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Sadly to say ,but it was Gavin Wood who maked a mistake in Parity wallet code.

Here is full code with explanation of hacked Parity wallet

https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol

Gavin Wood is the first Ethereum coder.

http://gavwood.com/

Thats means that this person maked bugs before, which leaded to DAO hack and he continues to make a mistakes in codes...Cmon Gav stop make a shit.

Gavin Wood - doing shity code since 2016.

PoS - could be another hackable Peace of Shit from Gavin.

ETH is hackers paradise.

tiggytomb

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Activity: 1848

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I initially thought the price would drop but then it wasn't ETH it was Parity, it's a shame but things like this will continue to happen as more and more is built on ETH, not everyone can be 100% all the time but when you are dealing with finance and people's funds it is essential that things are secure as possible and it seems in this case a silly mistake was made which has cost people a lot of money.

I seriously doubt there will be a roll back this time around.

KellyCoin

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As others have posted, its important to note that Eth it's self wasn't hacked it was the Parity Wallet that was. So Eth shouldnt see any significant fallout from this unless people keep misunderstanding what really happened.

hase0278

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Quote from: NUFCrichard on July 20, 2017, 03:57:12 AM

I hope they do fork, if they do I will buy the pre-fork dip and enjoy having the ETH + ETC2 afterwards!
It doesn't sound like it is ETHs problem though, they can't hardfork everythime anyone using their system makes a mistake.

Also $35mil is a drop in the ocean now, the DAO was everything for ETH back then, this isn't. I still feel for those who were robbed though.

Too bad for those who were robbed, Is there a chance that they will still get their money back? Either way there will be a rollback in price for sure that is incoming , and this one dump might make eth fall back to it's original price. For now, A hardfork might be a good solution but they must make sure that this kind of thing will never happen again.

dennyd999

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Quote from: BitJunky on July 20, 2017, 02:33:06 AM

As I gather this hack was not caused by any bug in Ethereum, but due to the vulnerability in Parity wallet implementation. So it'll be Parity whos gonna take impact, while eth will have very slight effect.

Parity Team are from Ethereum devs team.

From Parity website:
We are a mixture of alumni from the Ethereum project and new faces - but we are dedicated to bringing the decentralised web to life.
It is the same peoples that creating ETH code with minor new faces.

The begining of the code which was actually hacked:
//sol Wallet
// Multi-sig, daily-limited account proxy/wallet.
// @authors:
// Gav Wood <[email protected]>

Gavin Wood is one of the main creator of Ethereum.

Full Code here
https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol

Price will fall latter, not to cause panic right now. The question is for how much?

It is just a lot of bad news :ICOs freezing network,ICO and hackers cashout soon, parity wallet vulnerability.

sammrheza

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hacked hacked hacked , too much eth hacked today

talkbitcoin

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All I know is that I know nothing.

this is a real embarrassment in my opinion. there are only bad news for ethereum these days, the hacks the dumps, the price goes down each day and no buy support.
and on top of all that there is still the ICO threat that can crash the price at any moment.

i bought some in the recent dip but i sold them as fast as i could. things are getting too scary with this coin in my opinion and with higher price it just attracts more hackers and so far they have been very successful in hacking it.

NUFCrichard

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I hope they do fork, if they do I will buy the pre-fork dip and enjoy having the ETH + ETC2 afterwards!
It doesn't sound like it is ETHs problem though, they can't hardfork everythime anyone using their system makes a mistake.

Also $35mil is a drop in the ocean now, the DAO was everything for ETH back then, this isn't. I still feel for those who were robbed though.

Topic: ethereum $110 million hack; Will we see another rollback and ETC.2? - page 3. (Read 3833 times)