Title: Nobody's mentioned the new Ethereum hack yet? Post by: nutildah on July 22, 2017, 02:01:00 AM I thought it would already have already been mentioned, my apologies if it has.
But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: MysticOne on July 22, 2017, 02:11:46 AM I thought it would already have already been mentioned, my apologies if it has. But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: nutildah on July 22, 2017, 02:17:15 AM I thought it would already have already been mentioned, my apologies if it has. But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup. That sounds pretty bad for Ethereum. It should make any serious investor wonder what other vulnerabilities are out there that could still be exploited. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: Seansky on July 22, 2017, 02:38:21 AM I thought it would already have already been mentioned, my apologies if it has. But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup. That sounds pretty bad for Ethereum. It should make any serious investor wonder what other vulnerabilities are out there that could still be exploited. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: speaktome on July 22, 2017, 02:54:58 AM I thought it would already have already been mentioned, my apologies if it has. But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup. That sounds pretty bad for Ethereum. It should make any serious investor wonder what other vulnerabilities are out there that could still be exploited. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: Celebrity on July 22, 2017, 03:16:55 AM I thought it would already have already been mentioned, my apologies if it has. But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup. That sounds pretty bad for Ethereum. It should make any serious investor wonder what other vulnerabilities are out there that could still be exploited. I'm not really sure whether or not it's really the problem of ethereum. The parity hack was the problem of parity's multisig codes, not directly related to ethereum blockchain. We'll see POS in ethereum soon, maybe the problems will be fixed more strongly. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: nutildah on July 22, 2017, 03:37:14 AM I hadnīt heard that news until now that I read it here and I guess another vulnerability is added to the list of ETH, I suppose it can also affect to ETC also and all other clones,surely that news will not be well received by the ETH investors just that the price seemed to be recovering after a steep fall,but that is only a part of the risk involved and it is likely that more vulnerabilities will continue to occur within of ETH. Yeah I was wondering if the same thing could be applied to ETC, but if it was a dApp or token or Ethereum-based platform that made the mistake... well... there still should be some sort of safeguard built into Ethereum's core code. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: shyliar on July 22, 2017, 08:46:06 AM It's been mentioned; but, I think problems with ethereum have become so commonplace that it doesn't generate much interest. Even the quantity of news articles about it seems low. Can you imagine how much this would be discussed if it was bitcoin or litecoin? The vultures would be out to destroy those coins. It's like ETH gets special status and they promote the "genius" of the developers and white hat hackers for reacting so quickly.
Something I've learned in industry, if fires need to be constantly put out someone or an entire group is incompetent. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: Mr.Anonymous on July 22, 2017, 08:58:56 AM I thought it would already have already been mentioned, my apologies if it has. But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves: https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup. That sounds pretty bad for Ethereum. It should make any serious investor wonder what other vulnerabilities are out there that could still be exploited. I'm not really sure whether or not it's really the problem of ethereum. The parity hack was the problem of parity's multisig codes, not directly related to ethereum blockchain. We'll see POS in ethereum soon, maybe the problems will be fixed more strongly. Title: Re: Nobody's mentioned the new Ethereum hack yet? Post by: nutildah on July 22, 2017, 09:27:49 PM It's been mentioned; but, I think problems with ethereum have become so commonplace that it doesn't generate much interest. Even the quantity of news articles about it seems low. Can you imagine how much this would be discussed if it was bitcoin or litecoin? The vultures would be out to destroy those coins. It's like ETH gets special status and they promote the "genius" of the developers and white hat hackers for reacting so quickly. Something I've learned in industry, if fires need to be constantly put out someone or an entire group is incompetent. It's just mindblowing how much money is being thrown at Ethereum-based ICOs when obviously there are holes in the ship that haven't been plugged. BTC doesn't seem to care about the possibility of a hardfork if you go by price action. Whereas ETH seems to be headed into an iceberg. Why would investors pour millions of their hard-earned money into applications built atop a faulty software platform? Is it just lack of knowledge or do they have faith that they won't be ruined by potential software exploits? |