Frozen Parity funds: new info

According to the new statement of well-known Ethereum wallet, the amount of funds blocked on wallets is estimated at $164M
14 November 2017   1668

According to a new statement of Parity technologies, they are working hard to solve $160 million worth "issue" and release people's ethers.

As a result of the activation of the vulnerability on November 6, funds were blocked on 587 wallets for a total of 513774.16 ETH.

As of November 14, the amount of funds blocked on Parity wallets is estimated at $164M.

We deeply regret the impact this situation is causing among our users and within the community. We do ask that people get in touch with us if they have any uncertainties and to not believe the speculation circulating the media. We are endeavouring to find a solution as soon as possible and we would like to thank everyone for the support we’ve experienced so far.
 

Jutta Steiner

Founder, Parity Technologies

According to official blog, "the team is working on a broadly accepted solution that will unblock the funds."

It is worth reminding that one of the most possible solutions for this situation is new Ethereum's hardfork. Also, it is not the first “issue” of Parity wallet. In July 2017, hackers were able to stole $30M from Parity

Parity to Fix Serious Vulnerability

An error that could shut down the computers with ETH nodes was reported by the vice president of blockchain development at Amberdata
30 August 2019   466

Parity Technologies released a new version of the client that fixed a bug that could shut down computers running Ethereum nodes.

The first to discover the vulnerability and report it to Parity was Scott Bigelow, vice president of blockchain development at Amberdata analytic startup. According to him, only a small part of Parity's customers are at risk.

There was a vulnerability that [if exploited] would cause an immediate crash of the Parity client for all its services. There is no possibility to steal funds or do other malicious things but you could shut down some portion of ethereum nodes.
 

Scott Bigelow

Vice president of blockchain development,  Amberdata

Parity Technologies encouraged users to upgrade their clients to the latest version as soon as possible, especially those where the publicly available RPC and transaction history tracking module are activated.

Remote Procedure Call (RPC) is a protocol that allows you to request program data on third-party servers. In the blockchain industry, it is used to obtain information on balances at addresses, block numbers, and other information.

To date, the Parity client uses about 21% of nodes in the Ethereum network (3257, according to EtherNodes).