Aeternity lost 82000 ETH due to Parity hack

Aeternity team asures that the project execution will continue 
20 July 2017   6113
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.

SK Group to Invest $10M in ConsenSys

SK Group chairman and the 3rd most wealthy man in country believes digital technologies will play an important role in the further development of the company
03 July 2019   442

SK Group has invested $ 10 million in leading Ethereum-based solutions developer ConsenSys. This is reported by the local news agency Chosun.

As noted, in his today's speech at the technology event in Seoul, the chairman of the board of SK Group and the owner of the third largest fortune ($ 3.4 billion) in South Korea Chey Tae-won expressed his interest in the blockchain technology and the tokenized economy, expressing also the opinion about the need for digitalization of approaches practiced by traditional businesses.

According to him, digital technologies will play an important role in the further development of the SK Group.

It is also reported that in February of this year, the telecommunications division of the conglomerate SK Telecom entered into a partnership agreement with Deutsche Telekom to create a blockchain solution for customer identification.

In April of this year, the media passed information that ConsenSys is going to attract $ 200 million in funding from outside investors with a market valuation of $ 1 billion. To this end, the company began distributing presentation materials to Chinese investors. They say that ConsenSys expects to receive $ 50 million in revenue this year, mainly due to contracts with corporate clients and government agencies.