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   6907
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19, due to the vulnerability in the Ethereum wallet Parity, about 32.4% of the fund's assets or about $ 7 million were withdrawn by the unknowns from Satoshi Pie.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The report says that most of the funds were withdrawn within an hour.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.

ETH Foundation to be Sponsor of UNICEF Crypto Fund

The first contributions to the UNICEF Cryptocurrency Fund will come from the Ethereum Foundation; it will be used for kids OS projects
10 October 2019   425

The United Nations Children's Fund (UNICEF) has established a cryptocurrency fund to accept donations in bitcoins and Ethereum.

Digital assets will finance open source technologies for children and youth around the world.

UNICEF became the first organization in the UN that transacts in cryptocurrency, the fund said in a press release.

This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.
 

Henrietta Fore

Executive Director, UNICEF

The first contributions to the UNICEF Cryptocurrency Fund will come from the Ethereum Foundation through the French branch of the children's fund, which previously began to accept donations in nine cryptocurrencies.

Digital assets will be directed to finance three grantees of the UNICEF Innovation Fund. These are startups Prescrypto, Atix Labs and Utopixar, working in the areas of “tracking recipes, selecting investors and those who need financing, as well as public tokens and business relations”. GIGA will also receive funds from the cryptocurrency fund for connecting schools around the world to the Internet.