Items tagged with parity wallet

by Brandon Hill - Tue, Nov 07, 2017

$150 Million Worth Of Ethereum Reportedly Frozen Due To Parity Wallet Vulnerability

If you recently jumped on the Ethereum bandwagon, you might want to sit down for this news. A security vulnerability has been discovered in the Parity wallet service deployed by Parity Technologies. According to a security alert issued by Parity Technologies today, the vulnerability was found within the standard multi-signature (multi-sig) wallet update that was deployed with the Parity Wallet back on July 20th. A multi-sig setup requires that more than one key be used to both initiate and broadcast ETH transactions. What's astounding is the July 20th update was rushed into place after another exploit earlier in the month resulted in roughly $30 million in ETH being stolen from wallets. For its... Read more...