$32 million of Ethereum stolen by hackers

Hackers steal $32 million of Ethereum from Parity.

@anthony256
Published Thu, Jul 20 2017 11:00 PM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST

With all of the fluctuations surrounding digital currency and more specifically Ethereum, hackers were able to take a huge $32 million of Ethereum from Parity.

$32 million of Ethereum stolen by hackers | TweakTown.com

The hackers attacked a vulnerability of Parity, an Ethereum walelet that has implemented multi-sig wallets, securing 153,000 worth of Ether, valued at $32 million at the time of the theft. Parity posted a security alert on July 19, stating that the vulnerability had been fixed, adding "any user with assets in a multi-sig wallet created in Parity Wallet prior to 19/07/17 23:14:56 CEST" was still vulnerable to Ether theft.

Ethereum co-founder Gavin Wood also founded Parity, with Parity quickly becoming one of the most trusted wallets available. CyberScoop has reported that a bunch of white hat hackers saved Parity users from even more devastation, taking the remaining multi-sig wallets that were filled with $75 million worth of Ether - a huge 377,000 worth. The hackers have promised to return the $75 million worth of Ethereum once the vulnerability has been fixed.

NEWS SOURCE:mashable.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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