Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: ZhuldyzKaladinova on July 20, 2017, 09:30:53 PM



Title: Parity Hacking Hacker Hack
Post by: ZhuldyzKaladinova on July 20, 2017, 09:30:53 PM
could someone smart please ELI5 to us what the Parity hack is all about?

How does this even work? and why can it even happen?

Parity, multisig  ???
millions of dollars stolen ???

I thought crypto was safe. Like Bitcoin.....

very bad!


Title: Re: Parity Hacking Hacker Hack
Post by: dave773 on July 20, 2017, 09:41:20 PM
There was a bug in the software and it got exploited. 

That's why you should always keep your funds in a decentralized wallet like MEW that cannot be hacked.