Topic: Hackers steal $32 Million Worth of Ethereum From 3 Multisig Wallets (Read 3254 times)
August 30, 2017, 03:35:29 AM
This doesn't worry me at all. It is not end of the world. I can't remember how many times bank systems were hacked by different ways and they are still getting used. Ethereum should fix its problems and its fine.
August 30, 2017, 03:07:31 AM
Well that's definitely the nail that nailed it should coffin shut. People have stolen before but they're still on something of value just to steal this is just a joke. I like how the people call it multi-million dollars worth of but really it's just eth so it's nothing. It has been now few times ETH and ETH tokens are being stolen and i wonder if we should still trust the ETH.
I wonder why too. Ethereum has been hacked so many times while millions of dollars involved, yet it remain stronger than ever and everyone going crazy for it.
August 30, 2017, 02:18:06 AM
I have no idea why would this happen to Ethereum after a few had occurred to DAO and a few others. After all, what's the essence of their smart contracts and I'm afraid how the proposed Waves smart contract would be implemented in a way that'd be more secured and impossible to hack or attack.
August 27, 2017, 05:01:10 PM
Wait, is this why ethereum is forking, because someone hacked 32mil?? Or is there some other underlying reason? Or is there even a hardfork at all, all I have heard is rumors.
August 27, 2017, 04:39:46 PM
What is the preferred Multsig wallet for ethereum?
July 22, 2017, 03:54:41 AM
That sucks, I know a friend lost 147 ETH from the Parity hacks 
Did they promise a refund or something?
July 22, 2017, 02:48:36 AM
Well that's definitely the nail that nailed it should coffin shut. People have stolen before but they're still on something of value just to steal this is just a joke. I like how the people call it multi-million dollars worth of but really it's just eth so it's nothing. It has been now few times ETH and ETH tokens are being stolen and i wonder if we should still trust the ETH.
July 22, 2017, 12:04:44 AM
Time to migrate into Waves platform for your scam ICOs then, hehuhuhuhu, at least Waves is much safer.
July 21, 2017, 07:52:28 PM
"Bitcoin Rival" ? ohhh please you are making my stomach hurt from laughing so hard NOOBS 
This is my new favorite topic.. as they say at McDonalds
Bring on the..
This is my new favorite topic.. as they say at McDonalds
Bring on the..
July 21, 2017, 06:41:33 PM
Nearly 153,000 units of cryptocurrency Ethereum worth about $32 million was stolen from three of the largest Ether’s multisig wallets that seem to have been hacked today, rattling the global cryptocurrencies community in one of the biggest security breach ever of the rival of Bitcoin.
http://www.financemagnates.com/cryptocurrency/news/hacker-stoles-32-million-worth-ethereum-3-multisig-wallets/
Uh Oh
http://www.financemagnates.com/cryptocurrency/news/hacker-stoles-32-million-worth-ethereum-3-multisig-wallets/
Uh Oh
And all the company wallets that eth was stolen had the infinity sign in their logos... ILluminati !!😅
July 21, 2017, 04:35:48 PM
Correct me if I'm wrong, but isn't holding your funds in paper wallets a sure way to protect yourself from hacks like this?
Good question. And the next one is: how safe is MyEtherWallet?
I seriously have questions about myetherwallet. If classic ether wallet can be compromised then myetherwallet has a chance too
It’s pretty simple to change a password to secure a wallet, just have to do it.
July 21, 2017, 12:06:02 PM
Very sad to hear that, I thought ETH wallet was very safe until I saw this news. Is it means the ICO project that raising ETH for tokens will be not safe? That is really a bad news.
July 21, 2017, 11:52:58 AM
Is this for real or an inside job? $32Million is not a joke, its so huge! Almost less than 10% of the ETH's total market cap. This might affect the market. It can crash or can manipulate a small marketcap coin.
Really, but I can't sure this happens by hacker or by admin from this ICOs and the wallet got hacked do that. Because have some news talking about some ICOs project want scam user but can't find the reason make a scam and no loss of honor July 21, 2017, 11:22:04 AM
Is this for real or an inside job? $32Million is not a joke, its so huge! Almost less than 10% of the ETH's total market cap. This might affect the market. It can crash or can manipulate a small marketcap coin.
Let's say 1%
Yes it is really serious, and the white hat thing makes it interesting too.
July 21, 2017, 10:40:42 AM
Is this for real or an inside job? $32Million is not a joke, its so huge! Almost less than 10% of the ETH's total market cap. This might affect the market. It can crash or can manipulate a small marketcap coin.
July 21, 2017, 10:03:29 AM
good thing myetherwallet is immune from these threat. its like blockchain.info wallet of bitcoin. just that myetherwallet is a little harder to use for newbies.
Oh I hope you are correct...
Iirc they started implementing 2FA a week or two ago. Let's pray.
The only way you can hope to be safe is to assume everything on the internet is unsafe
July 20, 2017, 11:46:04 PM
Well thank goodness for Tezos! They have this covered...
How the tezos guys have it covered? U mean Tezos is not hackable? Can you point out how it is safe since Tezos is also a crypto and may also be hacked in its initial days
Tezos might be a trainwreck waiting to happen. There are valid reasons that its self amending ledger might be exploited by would be hackers of the system. If it happened on Ethereum, it could happen anywhere. To think of it, bitcoin was not safe from hackers during its early days.
The Bitcoin protocol has never been hacked. (It's relatively simple with extremely minimal functionality) Also Tezos could be a train wreck but they will have spent 4 years drilling on one very important thing when it launches, having the smart contract code be formally verifiable. It's not flashy or sexy, in fact it's boring but it will be much more secure.
People have been warning about this issue with Ether for a while now ( certainly prior to the most recent hack):
https://www.youtube.com/watch?v=ItCYzwPkiDY
It was obvious back in 2014 that Ether was likely to suffer hacks that were inherent to the protocol. A group of very smart people saw the writing on the wall then and set out to design an truly secure platform at a much lower level that could be guaranteed secure. Unfortunately, such a undertaking took a really long time! I get it though, man this space is getting so complicated you need a Ph.D. in Computer Science to have any idea what you are talking about...
https://www.youtube.com/watch?v=4oG4Ead74xA
July 20, 2017, 09:26:05 PM
Gotta read Parity's blog post:
https://blog.parity.io/the-multi-sig-hack-a-postmortem/
"So we appeal to the community and those that use our software in their well-funded businesses and projects: help us set up a fund to help ensure this doesn't happen again."
https://blog.parity.io/the-multi-sig-hack-a-postmortem/
"So we appeal to the community and those that use our software in their well-funded businesses and projects: help us set up a fund to help ensure this doesn't happen again."
July 20, 2017, 08:52:30 PM
Well thank goodness for Tezos! They have this covered...
How the tezos guys have it covered? U mean Tezos is not hackable? Can you point out how it is safe since Tezos is also a crypto and may also be hacked in its initial days
Tezos might be a trainwreck waiting to happen. There are valid reasons that its self amending ledger might be exploited by would be hackers of the system. If it happened on Ethereum, it could happen anywhere. To think of it, bitcoin was not safe from hackers during its early days.
July 20, 2017, 10:34:31 AM
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