Aeternity lost 82000 ETH due to Parity hack

Aeternity team asures that the project execution will continue 
20 July 2017   3722
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.

Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   172

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).
 

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.