Hackers stole 30 000 000 $ from Parity

Due to vulnerability in Parity Ethereum wallet, hackers were able to stole giant amount of money 
20 July 2017   2753
Ethereum

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

Vulnerability was found in the Parity wallet, with the use of it $ 30 million were stolen. Company issued a security notice about the vulnerability in the wallets version 1.5 and higher (since January 19, 2017).

At the time of publication of the article, about 150,000 ETH were stolen, which is more than $ 30 million. This data is also confirmed by the Etherscan service.

As explained by the Parity team, the problem arose as a result of an error in a separate contract with a multiplier known as wallet.sol.

According to preliminary data, the potential consequences have already been mitigated, and another 377,000 ETH were protected from theft by attackers by WhiteHat's actions by hackers.

Blockchain

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

The White-hat group was able to withdraw a broadcast of $ 76 million (and another 80 million in various tokens) from vulnerable purses to protect funds.

Etherscan
Etherscan

Parity noted this error as critical, recommending to everyone who uses multi-signature wallets to move their funds to secure addresses.

According to information from Gavin Wood, CTO of Parity at least three addresses in the Ethereum network have been compromised as a result of exploitation of the vulnerability: Edgeless Casino, Aeternity and Swarm City.

Ethereum to Hold Meetup in Bangkok, Thailand

The event, covering Ethereum-based technology sharing, will take place in Bangkok, Thailand on February 25, 2018
19 February 2018   39

The Asia-Pacific Ethereum Community Meetup is a non-profit event aiming at promoting technology exchange and connecting Ethereum developers to community members, as well as creating opportunities for users to know more about the excellent Ethereum-based projects.

Asia-pacific meetup in bangkok Ethereum Community Meetup 
 

Location: KX Knowledge Exchange Innovation Center, 110/1 Krung Thonburi Rd. Khlongsan, Bangkok 10600, Thailand
Date and time: February 25, 2018, 10AM - 5PM

The event will cover Ethereum-based technology sharing, include discussions on use cases and the development of various Asia-Pacific Ethereum communities.

The confirmed guests include Vitalik Buterin, Karl Floersch, OmiseGo Team, various Ethereum community representatives (from China, Korea, Singapore, America, Japan etc.), founders of Ethereum-based projects, well-known investors and enterprise representatives in this sector.

At the moment of press, these are main market parameters of Ethereum:

Average price: $948,27
Market cap: $92 656 093 632
24h volume: $2 197 870 000