Aeternity lost 82000 ETH due to Parity hack

Aeternity team asures that the project execution will continue 
20 July 2017   5466
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.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   66

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.