Aeternity lost 82000 ETH due to Parity hack

Aeternity team asures that the project execution will continue 
20 July 2017   5590
Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

The Aeternity project team reported that most of the funds collected during the second stage of ICO were stolen due to the vulnerabilities of Parity.

According to the Aeternity blog, around 82,000 ETH (of 102,000 ETH) sent to Aternity during Phase 2 were sent by an attacker to address 0xB3764761E297D6f121e79C32A65829Cd1dDb4D32 via an internal transaction. 

Additionally, Aeternity team assures that all funds, collected during the first stage of ICO are safe. Also, team is not planning to close the Aeternity project. At the moment, Multisig Hack Response team and other members of Ethereum community help Aeternity to investigate this situation. 

As we mentioned before, due to Parity hack, intruders were able to steal around $30 000 000. CTO of Parity named at least 3 affected projects:

  • Edgeless Casino,
  • Aeternity
  • Swarm City.

Additionally, The DAO.Casino home page reports that the collected tokens were protected from theft by WhiteHat. At the moment Token sale of the project is temporarily suspended.

DAO.Casino homepage
DAO.Casino homepage

The Aeternity blog also reports that the wallets of other well-known projects have also come to the attention of intruders. However, with the efforts of the WhiteHat group of hackers, the funds worth about $ 80.6 million were still protected from theft.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Meanwhile, Vitalik Buterin on Twitter has expressed his indignation that some, according to him, "trolls", ostensibly for the return of stolen funds, are urging him right now to do the hardfork:

You can have more information about Parity hack in your article.

Ethereum Foundation to Allocate $30M on Key Projects

For example, $3 000 000 will be spend to attract developers
22 May 2019   83

The non-profit organization Ethereum Foundation, which promotes and supports the development of the Ethereum ecosystem, will allocate $ 30 million for the development of key projects. Of these, $ 19 million will go to the “ether of the future”, $ 8 million to support the “ether of the present”, and another $ 3 million to attract developers.

The priority direction of development is Ethereum 2.0, second-level solutions for network scaling like Plasma, as well as other studies related to the transition of the ecosystem to the Proof-Of-Stake consensus algorithm.

We've actually already had all the research breakthroughs we need for a full implementation of eth2. This has been the case for about a year now.
 

Vitalik Buterin

Creator, Ethereum

At the same time, the organization attaches great importance to maintaining the current version of the network, which provides security of assets worth billions of dollars and hundreds of running decentralized applications.

In addition, $ 3 million will be spent on training developers and their further involvement in the work on the protocol, as well as on holding a Devcon conference and supporting regional communities.

The Ethereum Foundation retains about 0.6% of the total Ethereum emissions, but over time it expects organizations like DAO Moloch to partially finance the development of the ecosystem.