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another huge loss for ethereum owners when the parity wallet multisignature was hacked and the hacker stole 153,037 ETH which is nearly $32 million worth of ETH.
https://ethplorer.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32

also another group of hackers took the opportunity to drain all the similar multisig addresses with the same vulnerability in ETH and similar tokens.
so far they have hacked the total amount of 379,999 ETH which is nearly $80 million worth of ETH
https://ethplorer.io/address/0x1dba1131000664b884a1ba238464159892252d3a


Do you think we will see another roll-back like the DAO $50 million hack and will it leave us with ETH 2.0 fork? ;D

Isn't the second group white hat hackers that will return the funds?

Yes.

i tend to stick to facts only not promises.

what is happening in reality is that there was a exploit and many different hackers and group of hackers are currently using this exploit to drain these wallets. (not just these 2)
we don't yet know how many of them are there, we just know two of the addresses with biggest total funds stolen in them.

and what each of these hackers are going to do with these funds remains to be seen.

Wow just days after coindash hack and now this, this is not good for ether as a platform. Ether will surely take a knock on price.

Ive said it before and ill say it again. XTRABYTES is the platform the future decentralised world will be built on. Secure, unhackable, scalable and any coding language can build on it. Remember it was me that told you.

Again and again Ethereum have so much bugs

ETH price will probably take a plunge, probably within a couple of weeks, if it had not started already....

It was a specific implementation of a third party wallet, not ETH that was hacked. This would be like saying just because banks get robbed we should do away with cash.

Anything of value is a target, especially anything that can be accessed via online means.

Also all those people chiming in saying xxx coins in unhackable, mainly it is because the coin(s) do not have vast value as of yet, so you are relying on security via obscurity for the moment. Anything is hackable.

No. Even Vitalik is already chiming in to dismiss such talk:

https://twitter.com/vitalikbuterin/status/887782650026631168

i was wondering , do they have any financial security insurance just in case of a robbery or financial loss for these ethereum crypto currency. just like other banking company do, i don't know what kind of financial security for this kind of cryptocurrency business or how or what other financial institution are backing up in case the ethereum got screwed.

the most valuable cryptocurrency with the most usage and biggest number of users is bitcoin. hackers have been trying to find exploits in bitcoin to hack it for 8.5 years and they have been failing.
the only thing they could do so far is hacking exchanges, stealing wallets with no password, and tricking idiots into giving them their private key directly :D

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edit:
here is a bitcoin MultiSig containing 119,635BTC = $282 Million
feel free to start hacking it ;D
https://blockchain.info/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

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ethereum is supposed to be a smart contract platform and already has the biggest shame of all times: the DAO
and the news keeps coming.
who is to say there aren't more exploits waiting to happen on this coin. there sure are a lot of them happening these days as price is still somewhat high.
you know hackers never kill something right away, they do it slowly to gain the value. like this hack which was only a small amount not all ($32 mil) while the main hacker could empty everything at once.


in other words Vitalik coins were safe and he didn't lose anything. ;D

Its so unfortunate that multi sig addresses in which we all believe should have some adequate level of security could even be vulnerable as this, and  not even this alone at mattered but the opportunity it gives to other hackers to even get at the tech in other to get more funds even if its little. But in the real sense its going to be a big setback for proponents of ETH.

With how big Ethereum has grown its really a shame that they are letting things like this happen over and over again. I don't see a rollback happening but these hackings will definitely be a setback and will lower the price of Ethereum by a good margin.

How do you know? You're one of them?
Just because they said being white hat hackers doesn't mean it has to be true.Maybe just some tactics to prevent another fork? I mean $110 million loss is something. :D
And even if that should be the case and they are "white", remember what happened last time at the DAO? The white hacker tried to sell parts of the "saved" coins on Poloniex!!
So far nobody knows what's going to happen!
Ethererum, Solidity and all its with it connected Software is just a paradise for hackers.
Has much more holes then swiss cheese!

No rollback, check out Vitalek's tweet. Just store stuff on a hardware wallet. Anything else can be hacked. I never keep over 1000$ on exchanges. Price will bounce back

If some other platforms like waves or some one else come up fast then Eth will lose its popularity. Whatever is happening is not good because it reduces investors confidence. Developers should find ways to avoid this kind of hacks happening. I also invested but still in profit so just keeping it.

because thats my opinion as to what will happen.

it was easy for hackers because Parity released sloppy code into the network.

The last month was not great for ETH, but the ones that entered long ago are still okay.
I am surprised though that the price didn't fall more after the news.
Ethereum is buggy and these things are bound to happen, maybe people are already used to this and don't care?! I somehow doubt that, but I don't have a better explanation.
Waves starts to become quite a competition for Ethereum, so I don't know how long this over-optimistic prices for ETH will last...

I did read an article months ago that said another ETH fork was possible, but I do not think it is likely to happen despite this hack. Having 3 ETH coins would be wayy too confusing for newbies IMO

As I gather this hack was not caused by any bug in Ethereum, but due to the vulnerability in Parity wallet implementation. So it'll be Parity whos gonna take impact, while eth will have very slight effect. 

Fucking hacked coin , wallet, etc.. Should i sell Edgless now ?

People have lost Bitcoins ever since it was first publicly available and yes some early wallets have had vulnerabilities. Brainwallet was also a big one in case you don't remember.

Anyway this wasn't a Bitcoin versus Ethereum discussion, it was to point out nothing is totally 100% safe. No wallets and no Blockchain.

Yes, what happened was exactly that. However the fudders are out in full force trying to do what they do best, sow fear, uncertainty, doubt.

I hope they do fork, if they do I will buy the pre-fork dip and enjoy having the ETH + ETC2 afterwards!
It doesn't sound like it is ETHs problem though, they can't hardfork everythime anyone using their system makes a mistake.

Also $35mil is a drop in the ocean now, the DAO was everything for ETH back then, this isn't.  I still feel for those who were robbed though.

this is a real embarrassment in my opinion. there are only bad news for ethereum these days, the hacks the dumps, the price goes down each day and no buy support.
and on top of all that there is still the ICO threat that can crash the price at any moment.

i bought some in the recent dip but i sold them as fast as i could. things are getting too scary with this coin in my opinion and with higher price it just attracts more hackers and so far they have been very successful in hacking it.

hacked hacked hacked , too much eth hacked today

Parity Team are from Ethereum devs team.

From Parity website:
We are a mixture of alumni from the Ethereum project and new faces - but we are dedicated to bringing the decentralised web to life.
It is the same peoples that creating ETH code with minor new faces.


The begining of the code which was actually hacked:
//sol Wallet
// Multi-sig, daily-limited account proxy/wallet.
// @authors:
// Gav Wood <g@ethdev.com>

Gavin Wood is one of the main creator of Ethereum.

Full Code here
https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol (https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol)

Price will fall latter, not to cause panic right now. The question is for how much?

It is just a lot of bad news :ICOs freezing network,ICO and hackers cashout soon, parity wallet vulnerability.

Too bad for those who were robbed, Is there a chance that they will still get their money back? Either way there will be a rollback in price for sure that is incoming , and this one dump might make eth fall back to it's original price. For now, A hardfork might be a good solution but they must make sure that this kind of thing will never happen again.

As others have posted, its important to note that Eth it's self wasn't hacked it was the Parity Wallet that was. So Eth shouldnt see any significant fallout from this unless people keep misunderstanding what really happened.

I initially thought the price would drop but then it wasn't ETH it was Parity, it's a shame but things like this will continue to happen as more and more is built on ETH, not everyone can be 100% all the time but when you are dealing with finance and people's funds it is essential that things are secure as possible and it seems in this case a silly mistake was made which has cost people a lot of money.

I seriously doubt there will be a roll back this time around.

Sadly to say ,but it was Gavin Wood who maked a mistake in Parity wallet code.

Here is full code with explanation of hacked Parity wallet

https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol (https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol)



Gavin Wood is the first Ethereum coder.

http://gavwood.com/ (http://gavwood.com/)


Thats means that this person maked bugs before, which leaded to DAO hack and he continues to make a mistakes in codes...Cmon Gav stop make a shit.

Gavin Wood  - doing shity code since 2016.

PoS - could be another hackable Peace of Shit from Gavin.

ETH is hackers paradise.

Theres no chance for those funds to be get back from their original owners and this hack of funds will surely make impact on ETH price and as you said hard fork would be a good solution but in exchange we would really go back to the previous lowest price for sure. I think its time to sold up some coins as of now  8)

Vitali said no,
but the idea of a HF after every hack is scary and destabilizing for ETH

what would they do with the ETH which they had stolen? a group of hackers trying to attack ETH with purpose appropriation or any other reason?

Taking my losses and never going back to ETH ever again

I don't think a rollback should happen again. The first time was kind of a shock but now everyone knows that risk is possible and engaged with that knowledge. Another roll back would mean all credibility is lost for the coin

ETH is just such an usafe place to be and it keeps showing. It would be hilarious to see ETH, ETH2 and ETC and ETC2 since it would always create 2 more splits not only one. In a long enough timeline there will be infinite ETH's because there will be infinite hacks... good luck with that.

For what I see this attack wasn't on ETH it self or the code something like that. I do not see fork happening.

4. It's neighter Vitalik's own nor his friend's money. He only hard forks for his own financial gains.

How do we know that this same DUDE is not getting an army of hackers to hack and he is also earning from the hacked loot? Do we really know what's going on behind closed doors? We just see the tail end of all the garbage and hacks that keep happening as they slowly steal all our funds. I wish most of these ICOS would choose a another platform like Nxt, Waves or Stratis..Why are they all so hell bent on Eth?

guys I am a nub, who is affected from the hack? I have my eth on a Mist Wallet on my PC. Can my ETH be stolen aswell? I also got 10 ETC on Bittrex do I have to worry them getting stolen too?
I would be awesome if someone can clarify what exactly can be hacked and what not?!
thank you

most people in this thread have no idea what they are talking about :D
i wonder if i should block them all and save the time reading stupid ish.

whoever was bashing garvin, please, you try to write some code for the network.
eth is hackers paradise? the freaking internet is hackers paradise.

code is never perfect. maybe satoshis bitcoin, but it clearly came from the future, outta space behind orions belt....
everything build by human can be destroyed by human and even worse.

crypto is still beta, full of scammers, hackers, coders, investors, wanna be millionaires and what not.
the dao was no hack, it was a feature.
and people loose money since money exists. chill

from what i understood, this is the problem with Parity wallet of ethereum project and only in their multisignature wallets not the regular ones.
and if you have a multisignatue wallet there will be an icon in your parity wallet indicating this to you.
(please note that i have never owned ethereum outside of an exchange, i am just saying what i have read online from news and some research).


am i the only one who finds this extremely discomforting!

Condash is run by hackers. Coindash was accused of cheating using bots during an Eth contest. They are the same people behind getgemz scam. So this was not a legit hack just a fake ICO.

Confirming what he said. ^

Also note, Gavin has his own company and employs a lot of developers. Blaming him is a bit short-sighted.

am i the only one who finds this extremely discomforting!
[/quote]


you simply cannot consider every possible scenario, you should, but you cant.
i didnt meant to discomfort you, im just saying that it was no hack.
the code was not mature enough. of course this shouldnt have happened.
especially not with this much money on the line.
but the hard truth is, the guy who cashed out the dao just used a feature of the system.
a feature which should never have existed.
but like i said, you cannot consider everything, sometimes you miss something.

He do not have an army of developers.

He is the one and only author of the last Parity Enhancement which leaded to hack.

Just look here

https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol (https://github.com/paritytech/parity/blob/4d08e7b0aec46443bf26547b17d10cb302672835/js/src/contracts/snippets/enhanced-wallet.sol)

// @authors:
// Gav Wood <g@ethdev.com>

No more other authors involved in this part of Parity Enhanchement.

He is responsable for this hack as he is responsable for DAO hack before.
His ability to code is questionable...

Sorry if I offense him, but its only facts.


And soon PoS (peace of shit) will come. Another great opportunity for hackers!

so, who else should continue to work on partity? :D
i mean, if he hadnt had wrote the code, then there would be no parity or dao-payout, maybe ethereum wouldnt exists like it does.

its like blaming the sun that it is too hot :D sure you can do it, but would you be happier without it (the sun)? :D

This info no good for this coin! ETH classis again? I don't think so! Because all coin affter confirm can not resent again!

Exactly. It is a doomed circle. Without Gavin, Ethereum Network with Parity wallets and others stuffs is not existant. But what he do , offten lead to hacks.

Maybe he is genius, but it is allready 2 hacks (the bigest DAO and now) How many more hacks Gavin will relise??

Finalizing:


1 time in year Gavin Wood the creator of Ethereum do a shit which resulting in system hack. :D

Maybe he is doing presents for himself and now chilling somewhere in Barbados.

and the ones who know how to control all the tech will be always a step ahead.
i wish i could find such bugs.

To many of us, the first rollback meant all credibility lost.  I had hundreds of ETH that I sold for less than $20 right before they forked, and after the hard fork I watched ETH fall below $10 and keep dropping, and I thought that would be the end of ETH.  Of course hindsight is 20/20 and I should have loaded up on cheap coins back in late 2016, but I didn't because I thought credibility was worth more than the market did.

No and I don' think there will be another fork in the future of ethereum. Besides, 110 million usd should be in the wallet of white hat hackers

Lucky for the white hats!

Lucky.? Only promises. There is no guarantee that it'll be returned and who will do that.?
I don't think there will be a rollback and what is gone is gone. The security should be increased when money is involved and it is something we are lacking yet.

Ethereum has nothing to do with this, but rather the wallet and the way the people that got stolen securised their funds. What you are saying is like if there was one hack on Electrum, not even all the Electrum wallets, Bitcoin would be responsible. In fact he would not be.

There will be no roll-back this time, as Vitalik ironised on this today.

It's a little bit complex to answer the question, but I voted yes.
Yes because peoples are not responsable of the security issue of the wallet, then there are only 2 possibilities :
 - the wallet dev reimburses peoples, but I think it is impossible,
 - the blockchain is rolling back and ETH become ETC2

And so on... ETC3, 4, 5... for each issue with Ethereum :-).

Agree that the DAO was not a hack, but it would be wrong to call it a feature. At best, it could be called an exploit.
I sure hope there is no rollback again this time. ETH could afford a rollback in its initial days, not so now.

I think in present make ETH crash to $6 as October 2016 very hard, special in recently ETH is one of altcoin after Bitcoin have most user on crypto community, they are investor from ICOs, miner, trader ...
I guess if have crashing ETH in next time, 0.05 BTC/ETH or 50$ is good price and real value of ETH

The guys who hold their money in Parity wallet are affected.

Yes people from ICN and SWT confirmed it was a group they were working with that did the whitehat hack so the funds are 100% sure to be returned. And even if its not Vitalik already said there won't be another fork.

The reason for the previous fork was that the hackers would control too large a stake of the ethereum network which would be to their advantage after a PoS switch. This time even counting the whitehat we are only looking at 3% of the ethereum network, its just that its got a much higher value now due to ethereum having gone up in value.

Seems I was right from the very begining, I didn't like this coin and for me main reasons were hardforks. Suddenly as we see it has bugs and is not safe, seems it's very hard for altcoins to be concurent of bitcoin, many fails.....
As you mentioned, bitcoin is safe (can't say it don't has bugs but currenrly no one has done anything).
I think there will be another etc hard forks again, hope finally something will be fixed at least

What happened is something unethical that people tend to rejoice over their heist, I mean the hackers whereas some other people are in pain because of their lost investments. There is no coin that cannot be hacked but btc has equally proven over the years to be a formidable force against hackers which is something we continue to hope and this impending hardfork does not create a vacuum to be exploited for such purpose.

Oh well that makes it ok then  :D

I find this topic amusing LOL
..my new fav.

ETH = ICO scam.

as i said in my previous comment, i tend to stick to facts not promises.
and someone pointed out something very interesting about last time, and the fact that the White Hat hacker tried to sell part of the saved coins on poloniex!

this is correct. and i did not know this when i created the topic. i did some research yesterday which found out DAO hack was something around 14% of the total supply i believe. but the important part is still the fact that the main Ether holders lost money not the poor nobody users like this hack.
but the poll results are still funny though, despite Vitalik saying fork is not going to happen and this reason, and all the explanations still 35% voted YES. it seems like everyone loves free altcoins they can get and dump :D

Wooohahaha.
ETH got hacked. LOL.
I was paying no trust to ETH system since I've got lagget outa TenX ICO, i just get it, that stuff is glitchy AF.
I dont know, but that ETH buble is too huge.
Wish that ETH will collapse one day :)

yes, time to buy ether again!  ::)

For people to keep trusting Ethereum smart contracts with hundreds of millions of dollars when people developing for ethereum clearly don't have any real experience or knowledge to actually security test the stuff they're deploying is just craziness. With all the crazy inconsistencies in Solidity as well as the sloppy approach to updates that they push in Ethereum updates (look at the Geth update that changed address handling that cost QuadrigaCX $14 million worth of ETH) and it's just crazy that people are willing to build anything financially important on top of Ethereum.

I think just proves Tezos is taking the right approach here-it's using less popular languages that really only appeal to developers who give a crap about verifying their contracts are secure before deployment, but that's exactly what all these financial contracts SHOULD be. Nobody should just be deploying contracts to manage hundreds of millions of dollars without giving a second thought to critical bugs.

Anybody who really thinks Ethereum can be "fixed" to work well for these sorts of uses needs to read a couple things:
This post and comments were from before the hack even happened:
https://news.ycombinator.com/item?id=14691212

And the comments in this thread are also very enlightening:
https://news.ycombinator.com/item?id=14807779

It definitely seems that ETH has many flaws even though it some may not be related to ETH it's self. I dont know why these new projects don't try using other platforms to launch their ICO's...But then again ETH may be getting all of this attention from hackers because its currently #1. Maybe if another platform becomes just as popular we will see the same thing happen.

This is why we need a coin like Tezos, with formal verification.

Its Vitalik do, he will not sell, he have enougth clean ETH and ETC for sell:
https://image.ibb.co/iWGd2k/ANNUAL2.png

ETH is actually difficult to hack, most of them who lost their money caused because they enter their private key in web fishing.

We will not know what will happen in the future for etherwallet, we will see how the vital action to deal with things like this

The problem is... NO BODY CARES.
Which means, Vitalik will not send that losted ETH back to the owners.
Also ETH blockchain sucks, lacking with sidechains.
And I don't like thier politic on the market.
It's a big money bubble based on smart-contracts.

ICO was fake deal, all this people the same gang

I don't care about these hacking attacks as I know these hackers will be caught ultimately, monero or that kind of coins' transactions can be tracked.

where did these ether coins move to? any updates on this news.
i can see from those links that both addresses have their balances halved, the "total out" is nearly half the balance.
did the hackers already cash out :D

Although I have some eth, I like to see the price plummet so bad, not because I wanted to buy lower but because I wanted to see these new comers get burned.

Thats too harsh buddy and it seems you do really love for those new comers to get burned.  It will really definitely happen specially for those people who dont have much idea on entering without knowing the recent events on eth ecosystem. Prices will really roll back specially theres a lots of coins have been hacked already.

someone who has "not much idea" should not enter without proper research and education. as price drops and they lose money it is not based on bad luck, it would be because of stupidity.
what you said is true only if someone by accident loses money. like if your hardware fails (HDD dying for example) and you lose your wallet with the money in it.

some newbie who enters trading like a sheep who is following others who told him "ether is the future" deserves to lose money, maybe that can snap him out of it. and i know it is harsh but it is an ugly truth.

This is why its really important for us to know the latest or current news of a particular coin if we do tend to putt up our money not just like on jumping in without any idea on whats going on the that particular coin. Following others words would really put us on harm later on thats why as a newbie its been always suggested dont easily believe on the things around you and you should really study and study until you will gain knowledge to avoid such lose.

cause there's no better teacher than your own learning and experience. And what's the best way to learn? lose your money.

Its not Ethereum that was hacked guys. It was third party shit of a company called parity. Ambiguous news like this is what brings ETH price down. Come on guys. ETH is golden. Protect our investment!

We know that buddy, that is what they said as well when the DAO was exploited. lol. Growth is great but too much growth especially when it is inorganic will just attract unnecessary people/entities. Gavin runs parity, remember that Gav written most of Ethereum's code about 90% of it. And he is the creator of the solidity language.