Edgeless Casino lost $5600000 due to Parity hack

Luckily, project saved enough funds earlier to launch the platform in Q3
20 July
Ethereum

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

Edgeless project, the Ethereum smart contract-based Casino, shared official announcement regarding Parity hack.

According to it, project lost  26 793 ETH ( 5.6 mill $ ) due to hackers attack. 

Blockchain

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

But team had  diversified their funds right after an ICO and they have amount to run the project. Additionally, they got funds when ETH was 15$ — 50$ per unit and now ETH price is way much higher which covers our hacked loss. It means that platform launch will happen in Q3. However, team was forced to make some changes in dapp structure. From now it will be purely ran on EDG tokens, since a large part of team's ETH was supposed to be our casino’s bankroll.

That means, if players want to gamble on Edgeless casino, they will need to get EDG tokens.

Also, Edgeless, Æternirty and Swarn City formed a group to address this question. It will be announced in a near future.

Also, Aeternity had also shared information about the hack. Learn more about the Parity hack in our article

Fake MyEtherWallet deleted from the AppStore

3000 users were able to download fake MyEtherWallet app
13 December

On 10th of December, a Twitter user reported about the spotted suspicious application of popular Ethereum wallet at Apple AppStore.

And it became known that the app is fake. It is worth noting that the app isn't free. The iOS app costs $4.99 and it first landed on the App Store just over a week ago. It allows users to create or import a wallet to store cryptocurrencies independently of an exchange.

Finally, the fake app was deleted. We wasn't able to find the official comments from Apple, but MyEtherWallet team is happy.

This is not the first and maybe not the last fake scammy-looking thing in cryptocurrency world. We can only recommend you to extremely careful everytime you deal with money.