ethereum is not an official "shit-show". it is not even half a year from the last time it was hacked and millions of dollars were stolen by two different groups of hackers at the same time. and now this?
and nothing is possible with it anymore. the official client is now impossible to use. you can never sync it because it is super slow and the blockchain is gigantic. it is A LOT bigger than bitcoin's blockchain and it is growing 10 times faster. the parity is even worse with all these bugs it is now additionally weak!
Topic: Ethereum Hacked - AGAIN! (Read 911 times)
This is really heartbreaking to hear! The ICO campaigns which didn't use Parity are real lucky ones 
It seems they can't go more than a few months without getting hacked!
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
It's parity that's hacked, not ethereum. Still pretty bad..
well thanks God
Better stay away from that wallet, it's the second time a major bug affected substantial funds in addresses generated with that wallet, fool me once...
Will Ethereum fork again?
Will Ethereum fork again?
This will continue to recur as long as there is no reconfirmation when the transaction for example is 2FA, some people create malicious programs that guess the private key, if there is 2FA then the security level for the better.
So, we see the biggest bug-'n-exploit in cryptocurrency history, right?
And again it is ETH, right? But the ETH price barely moves down?
The main guy behind this coin can talk all day about other ICO's and what is wrong with them, right? But he stays silent on this, by his own choice, his own coin?
So how controlled is this weird scenario ETH? Like, are your big private investors being protected by forces hidden from 'the people'!? This is fishy and it stinks, badly! Uncontrolled markets are supposed to react to this. If cryptocurrency like ETH has already fallen to heavy manipulation and control we might as well stick with the 'Fed.
A healthy coin market would have reacted, this is very strange!
And again it is ETH, right? But the ETH price barely moves down?
The main guy behind this coin can talk all day about other ICO's and what is wrong with them, right? But he stays silent on this, by his own choice, his own coin?
So how controlled is this weird scenario ETH? Like, are your big private investors being protected by forces hidden from 'the people'!? This is fishy and it stinks, badly! Uncontrolled markets are supposed to react to this. If cryptocurrency like ETH has already fallen to heavy manipulation and control we might as well stick with the 'Fed.
A healthy coin market would have reacted, this is very strange!
If I am not mistaken this is a hack on a specific wallet. So people that dont have there money on Parity will not lose funds.
It means that all contracts in multisig, including ICO's, since July may be affected.
https://www.reddit.com/r/ethereum/comments/7bchez/parity_multisig_wallets_deployed_after_730_issue/?sort=new
[–]namko2000> 3 years account age. < 75 comment karma. 5 points 3 hours ago
All multisig wallets made since July relied on the library contract, the library contract was killed about 20 hours ago and now none of those wallets work.
We'll see.....it's all still very early.
If I am not mistaken this is a hack on a specific wallet. So people that dont have there money on Parity will not lose funds.
wasn't this faked?
It is not ETH who got hacked, just the Parity wallet. They think that some wallets are locked. We still don't know which companies got their wallets locked.
Will Parity have to pay for the lost ETH or are they going bankrupt (or the companies who lost their funds)? Lots of people are against a fork of ETH which could save the wallets.
How can ETH grow in value with thoses kind of news?
Maybe it will be an opportunity to buy ETH at a very low price?
Will Parity have to pay for the lost ETH or are they going bankrupt (or the companies who lost their funds)? Lots of people are against a fork of ETH which could save the wallets.
How can ETH grow in value with thoses kind of news?
Maybe it will be an opportunity to buy ETH at a very low price?
How is it possible that there is so many security problems? How many coins/dollars have been lost?
Really bad...will see if and how much the price will drop..
as if not believing very bad security has been seen here.Really bad...will see if and how much the price will drop..
the bad thing is when the ethereum gets hacked again.
really going to happen a price reduction that may be very drastic.
this will be seen in the next few hours when the price will fall.
no one thought that this would happen again
It seems they can't go more than a few months without getting hacked!
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
Do you think that the etherium will be hacked? Or is there any information on this? Maybe you are a hacker?
It's in the news:
https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=rss
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 wallet to be wiped.
The issue affects multi-sig wallets — a technology that uses the consent of multiple parties for additional security on transactions — that were deployed after July 20. In other words, ICOs that were held since then may be impacted.
It’s a kicker because it is the second time in just a few months that a major Parity bug has been unearthed with potentially costly repercussions for Ethereum, which is the world’s second highest-valued crypto currency with a total market cap of over $27 billion. Back in July, a vulnerability in Parity led to 150,000 ETH (then worth around $30 million) being stolen.
It seems they can't go more than a few months without getting hacked!
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
Do you think that the etherium will be hacked? Or is there any information on this? Maybe you are a hacker?
6 posts in a row looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions?
looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions? They might have to.
Disclosure: I'm have no love for Ethereum but people are going to get screwed here.
That was actually true if you have no love to the ethereum but you are against the ethereum platform.
Parity is authored by Gavin Wood, a co-founder of Ethereum, that's not exactly some obscure 3rd party coding these things.
Also, I don't hate the ethereum platorm, the way it was launched is what is what is downright deceptive. If they want to relaunch without a premine I'd buy. Until then...
Apparently the price will dwindle, but just still puzzled about why this keeps repeating itself consequently.
It seems they can't go more than a few months without getting hacked!
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
https://paritytech.io/blog/security-alert.html
Security Alert
7 November 2017
Severity: Critical
Product affected: Parity Wallet (multi-sig wallets)
Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.
It's parity that's hacked, not ethereum. Still pretty bad..
6 posts in a row looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions?
looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions? They might have to.
Disclosure: I'm have no love for Ethereum but people are going to get screwed here.
That was actually true if you have no love to the ethereum but you are against the ethereum platform.
Why people dont understand difference between Eth Client and Eth network. You cannot blame Eth for stupidity of Parity developers. If their code is not robust enough then its their own problem!
Wow it has happened again?! Unbelievable. I've always been a fan of the concept behind ethereum but you can't have these kind of flaw in your system to be considered a major cryptocurrency. The reason people trust bitcoin is because it has never been hacked before and this trust has been essential for the recent growth that bitcoin has experience over the last year. Therefore I don't believe ethereum has what it takes to be cryptocurrency that's here to stay. The trust has been fractured way too many times. I'll pass.
They're debating hard-forking already...
https://www.reddit.com/r/ethereum/comments/7bdery/should_ethereum_hard_fork_to_save_the_parity/
https://www.reddit.com/r/ethereum/comments/7bdery/should_ethereum_hard_fork_to_save_the_parity/
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