Edgeless Casino lost $5600000 due to Parity hack

Luckily, project saved enough funds earlier to launch the platform in Q3
20 July 2017   8227
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

Amberdata to Study Abnormal ETH Miners Rewards

As reported, unknown person mixed up the “gas price” field and “transaction cost”, left the workplace, and the bot did not work correctly
21 February 2019   83

The research startup Amberdata analyzed the activity of the Ethereum network in the last 24 hours and, like the media, found five transactions with an abnormally high commission.

It turned out that all five transfers were made from one address. Within four hours, the owner of the address paid the miners about $ 583,976 for processing transactions.

Note that the commission for block # 7,238,290 in the amount of 2103,1485 ETH, which was received by the Sharkpool pool, is the largest in the history of the network. Nevertheless, representatives of the pool temporarily froze funds in case the owner of the address made a mistake.

Amberdata is convinced that an unknown person mixed up the “gas price” field and “transaction cost”, left the workplace, and then the bot did not work correctly.