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$30 mln stolen in Ethereum due to Parity Wallet vulnerability

19 July 2017 21:00, UTC

According to Coindesk.com, Parity wallet developer Smartity has warned of a vulnerability in its product.  It allowed hackers to steal about 150,000 ethers or $30 million.

The problem concerns Version 1.5 or later also known as multisignature contract or wallet.sol. At the time of announcement developers were able to prevent consequences of this vulnerability and stealing of 377,000 more ethers.

The company commented this issue as a critical bug and recommended users of multisignature wallets to transfer their funds to a secure address. Gavin Wood, Parity founder and CTO, said that as a result of this issue at least three Ethereum addresses had been compromised and added that the company made every effort to secure funds of other wallets and prevent further compromises.

Blockchain specialists suggested in social networks that the three compromised wallets could belong to famous owners – Edgeless Casino, Swarm City and Aeternity, three recent projects for initial coin offering built on Ethereum.

Swarm City had confirmed the loss of 44,050 ETH, Edgeless Casino and Aeternity have not given any comment. A bit later Aeternity has informed in its blog about the loss of 82,000 ETH.