32% of the assets were stolen from Satoshi Pie

According to the team of cryptocurrency fund, $7 000 000 were withdrawm by the unknown within an hour
21 July 2017   5617
Ethereum

Open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements.

Yesterday, on July 19, due to the vulnerability in the Ethereum wallet Parity, about 32.4% of the fund's assets or about $ 7 million were withdrawn by the unknowns from Satoshi Pie. Representatives of Satoshi Fund and the managers of the Satoshi Pie reported about it.

The report says that most of the funds were withdrawn within an hour. The project team managed to withdraw the remaining ones to a new, controlled wallet. During the course of events it became known that the attack was carried out by the White Hats Group (WHG). Also, according to the representatives of Satoshi Fund and Satoshi Pie, they are currently waiting for a refund in a new contract (without vulnerabilities), according to the WHG statement on Reddit.

As representatives of Satoshi Fund and Satoshi Pie assure, the damage is not critical and the fund will continue its activity, however its operating mode will be slightly changed. So, I / O operations will be processed once a week. Also, there will be a limit of one transaction for the deposit and withdrawal of funds at 10 BTC.

In addition, Satoshi Fund and Satoshi Pie project teams will consider moving all funds in the Ethereum ecosystem to Zeppelin smart contracts. Also in the coming days new version of Satoshi Pie whitepaper will be published.

English version of the team's message is also available.

This is not a only loss of funds, caused by the Parity hack. Such project as Edgeless Casino and Aeternity lost their money too.

Constantinople Hardfork Code to be Included in Geth

Go-ethereum (Geth) v1.8.20 assumes that hardfork in the main Ethereum network will take place at block 7,080,000 (approx. between 14th - 19th Jan 2019)
13 December 2018   101

Developers of Geth, one of the most popular clients of Ethereum, presented a new version of the software with the included code of the upcoming hard fork Constantinople.

Go-ethereum (Geth) v1.8.20 assumes that hardfork in the main Ethereum network will take place at block 7,080,000.

Consensus regarding the block number for activating hard forks was reached last week during a regular video conference of leading Ethereum developers. According to Afri Shedona, release manager of another popular client of the network Parity, a block of 7,080,000 will be mined between January 14 and 18, 2019.

At the same time, Ethereum Foundation’s head of security noted that the new version of the go-ethereum client would contain a kind of “emergency switch” that would postpone the upgrade if something went wrong.

Originally scheduled for November, the Constantinople contains a number of changes and code optimizations designed to ease the transition to the Proof-of-Stake algorithm. In particular, they include the transfer by 18 months of the so-called “bomb of complexity”, which contributes to timely upgrades, and also suggests a decrease in the reward to miners from 3 to 2 ETH for the mined block.