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$32 million of Ethereum stolen by hackers

Hackers steal $32 million of Ethereum from Parity

By Anthony Garreffa from Jul 20, 2017 @ 23:00 CDT

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.

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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 SOURCES:Mashable.com


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