Bitcoin Forum

Here is another Parity fail https://paritytech.io/blog/security-alert.html . I got this tweet from someone , ( So someone managed to accidentally make all Parity multisig wallets suicide ) , Now how bad this is !! I am very limited knowledge when it come to smart contracts so I really do not know about the effect of this on current running ICOs !?

Accident I’m not so sure of. What a mess. https://twitter.com/myetherwallet/status/927900639832748032
Too much money in unproven tech that’s for damn sure!

BR

Cannot belive this so much money went on drain... ???

This is very unfortunate, but this is not the first time as you pointed out. We should be more skeptical now.

Parity is turning into a nightmare! Just shows how vulnerable ETH can be!

Just wow I laughed so hard at ( I am the newbie just learning ) part , I am really speechless . But from the look of it they can just kill the contract but can not take any tokens or ETH from it!? .
Seems like parity is not aware of how much money running threw it , The vulnerability is discovered buy a guy who is still just learning .  ??? ???

How can it be possible. Smart contract that accept ordrer from random account ? It seems not hard to make this. I hope he'll not be in court for that. Bad coding need to be corrected.

It's pity. Second big fail for just few months costing millions of investments and trust.

Hopefully they will finally fix they f**ing software.

The question is... how these things haven't been found by the earlier reviewers. The chances of such errors in code being random are slim.

Funds in the multi-sig parity wallet are apparently only "frozen" and not stolen

frozen forever...

Polkadot wallet is among frozen wallets. So it alone is 485.331 ETH or aprox. $145M almost half of frozen founds.

What does that mean for ICO contributors?


Which another ICO wallets frozen too?

List available?

If hardfork is needed they theoretically can implement fixes in coming Consttantinople hardfork.

To my knowledge: Iconomi and Polkadot

Someone apparantly turned a smart contract address into a multi-sigwallet, declared ownership and suicided it. destroying the library all the multi-sig wallets depend on.

Would a hard fork for fixing this problem "reset" transactions to before this mess happened? Or how would that play out exactly exactly?

There is long article about it on coindesk https://www.coindesk.com/ethereum-client-bug-freezes-user-funds-fallout-remains-uncertain/

100 mln $ in ether is frozen,one time again Parity .Parity was also late on eth fork.Very poor service

Seems like a fork is the only way out, unless the Parity devs can perform a miracle

Wouldn't a fork reset all transactions for everyone though? Even those who didn't have any funds on Parity?

Don't know honestly but likely yes.. they use the same chain, I see a lot of people speculating on it.. Parity sure made a name for itself now.

https://etherscan.io/address/0xae7168deb525862f4fee37d987a971b385b96952

This is devops199 (the perpetrator) transaction history, if you go to the internal history TX's then you can see the commands he was executing.

Yes, looks like if all the multisignature wallets that have been created after july20th, have been hacked.. But we are lucky because that fucking hacker is not going to be able to dump those funds, and it was a giant amount of money, but it is impossible to dump them because he doesnt have the right to do so.
Poor of those people who had a lot of funds in those wallets, but yes, probably they were not using a safe wallet and they got hacked easily, i am lucky because i dont have funds in eth, only in bitcoin, maybe i have less than 0.20 eth but it doesnt count at all..

Once released, Ethereum smart contracts can't be modified.
There's no way to correct it.

If it actually has any impact on other users then a fork obviously shouldn't be used to save those who didn't keep track of their own funds. That's just asking for trouble...

And what did that guy even get from running those commands? Why would he do it? Doesn't seem like he got any tokens or Ether out of it.

This is a shame and another mess, what is it two or three times now we have been in a similar situation? it makes you realise just how much money is trusted to this still very new tech.

There will be more screw ups like this, unproven tech coupled with noobs and buttons. ETH has always been a tad screwy...

It made a lot of mess.
Etherdelta aint working for me.
I read the only solution will be a hard fork and what would happen to the money that are frozen?
Is it going to be sent back or will it be like a bubble popped up and nothing left?

This time Parity mostly fucked up themself,because the bigger part of Ethers is locked in Polkadot ICO wallet.

Polkadot rised funds throw Parity and it is the same team.

Karma for prelast multisig hack when $35M was stolen from users?

It is a $150M Gavin Wood and Parity team can not move out from Polkadot wallet...


Also I do not know how ICO participants will be affected.

Actually not exactly forever... much more in next 10-15 years. Until the proper development of quantum computers who will break every crypto encryption with a snap.

its not about the money but the trust of people who use ethereum i pity them.

Ofcourse it's very pity, but money are in safe. It's just the matter of time when they will fix this problem.

The only man who never makes mistakes is the man who never does anything. Theodore Roosevelt

at a certain point i wonder if Parity should be held responsible or what, i mean it's unbelievable, once can happen,  but twice... ::)

What do you think - what will they do to fix it? Is hardfork the only way or there any other technical decisions to repair it?

Probably, yes. Since it was their failure after all. But if we keep catching falling people they will keep jumping off of cliffs. I'm almost sure that there are still a lot of people who use Parity now. Would be quite ironic if it happened a third time...

i am using Parity for contract deployment, but ... takes ages to sync, some function outdated.  I wouldnt store Ether in it.

How about you stop risking your money by using Parity? :)

Very well written, I also believe in it and still keep positive on this situation. I think it's worth waiting, let them solve the problem, yes it's unpleasant of course, but what can you do.

Ive been following this thread for a while,my question is when will they fix the wallets?Im getting tired of waiting for some good news.
They must be ashamed to themselves.

I read the tweet, I meditated on it for a while and then I burst out laughing. This is really funny, even though it's really unfortunate what happened. Let's hope something else like this won't happen again.

It really is just funny. You would think that one failure would be enough of a warning when it comes to money.

I think that everything has its time and we will know exactly from them when and what they will do. I think you just need to wait for news. Everything will turn out.