Bitcoin Forum

Ok , guys.

Polkadot ICO wallet was screwed up and aprox. $150M is probably frozen forever.  Exactly 485.331 ETH + there are plenty other adresses which are affected


FROZEN ADRESSES LIST

https://gist.github.com/banteg/f61d256d12158b8c344d7889266f43b5 (https://gist.github.com/banteg/f61d256d12158b8c344d7889266f43b5)



It is unbelivable Gavin Wood and company loosed all founds ($150M) just in 2 week.  

This is not the first time. I was never involved before, but now my money is in that frozen/unoperable wallet of Polkadot ICO.
I am affected too, by serious errors of Parity Tech. I belive Parity will find some solution, but it seriously harm reptation of Parity. Even they not directly involved in Polkadot Network development.



Gavin motherfucker Wood you screwed yourself now bro. Is it instant Karma for not so recent multisig wallet , when $35M was hacked? Man, man,man...

I hope REFUND for participants will be granted soon.

 >:(

Dude, seriously this is bad. I see iconomi is affected too. It would be a wonder if polkadot and iconomi wouldn't bleed alot in the comming days.

A newbie fucked you all up for good didn't he? Vita the fucking lik was talking about how unsecure Bitcoin addresses are etc, now what he has to say

About his buddy screwing $150 million dollars? how could you kill a library with a command in a smart contract? I'm going to kill every scam and shit

Ico contracts with that kill() command now.

I wonder if they can be held liable for this mess.

not sure how it plays out, but if polkadot can run without the 150m, then why would they need to raise so much fund in the first place? or this is a norm in crypto right now that the ICO need to be big to success (for collect money).

This why i was using the hardware wallet rather than put my amount into the trash wallet just like parity, Those are frozen the funds just like a scammer. But what do you mean about your money already frozen in the polkadot address? Did you participate in the crowdsale? If you are and you must get your coin and the only loser was the polkadot developer itself.

Thanks to devops199 for that kill command. Seeing the total ETH of polkadot has that's really a pain in the ass. I read that the only way solution is now a hard fork.


This is a serious thing, I was planning to use coinomi the other day and then this happens. I feel too bad for this situation a newbie that has done everything to collapse at this moment. LOL!


Devops199 is now scared of any liable that people can file against him.

This is huge, Gav has no way to clean this mess, he is done, both parity and polka. Do they have any QA or bug bounty at all? There is no way to 'fix' this unfortunately, and I hope Vitalik wont fork anything, he has ETH reputation to run...

But the point still exists, if this ICO is still able to follow through, even with all the funds lost... Makes you wonder why they'd need to raise so much capital in the first place.

I don't think Devops199 can or should be held liable.  Parity should be, if anyone.  Like he said in an interview, if a bank has a big red button that says 'lock vault forever' someone will come along and push it one day.  I blame the bank for having that button, whether intentional or not.  Parity should have done a better job protecting funds.

He's too afraid now even a single chat for interview he don't want to show up anymore. I know it's painful for him to have this mess that affected a lot of people and as well as big companies. But you are right, the problem is why that button isn't even there. There should be some administrator power coming from any of them just to access that button. He's a crazy man now many are blaming him for this mess, everyone's going to feel depression on this.

What would be different if they fork Eth? anyone who dumped their coins will regret and cry, old chain will remain with 306K less Eth but the new chain

Will not. I doubt if the hash power splits Eth for a human error and a major flaw in the code.

It is a very significant amount of money locked up, will be very interesting to see what is decided upon as a course of action - reputation is very much at stake. This won't be the last major hack either, however what is interesting to compare is the amount of money stolen this year from phishing http://fortune.com/2017/08/28/ethereum-cryptocurrency-stolen-bitcoin/ (http://fortune.com/2017/08/28/ethereum-cryptocurrency-stolen-bitcoin/)

That is terrible, I am not a technical guy and I just want to know, what is the reason that caused this problem? I can understand since the wallet key should be kept in the user and does that means the key is lost?

I wonder if Devops199 got rewarded for finding a bug

 8)

This is what also comes to my mind..Hoping someone here could clear our bit of confusion.. ;)

Karma is a bitch! Gavin the scammer code smart contracts full of bugs for his downfall.

Multi-signature addresses mate, the data library for the server side of the multi-signature addresses om parity got killed accidentally by a newbie in a

Smart contract, someone killed the library by using the self destruct function on smart contracts within Eth blockchain, it's like a 2 part private key with

Bitcoin vanity addresses, you'll have only half the private key and the pool or person who generated that address for you would only have another half.

Imagine thousands of Bitcoin addresses losing access to half of their private keys, any coin stored on those addresses would be lost forever unless devs

Roll back, hard fork and move the funds to new addresses, Eth has to do a hard fork to do that otherwise $150M lost for good.

It is only in crypto is such amount is mention as been lost and everything will still ve going on as normal. The amount of money frozen is huge and can collapse some Counties in Africa. I believe another fork on ethereum is in order.

I hear ya, bro.  Crypto though is like the wild west of the computer age.  Bandits, and highway robbery, and only you to protect yourself.  I think that's why people see accidents and thefts as normal part of the industry.

The person took ownership of the library contract (that's where the bug is), and then decided to self destruct the library contract

How will a hard fork let people regain access to the inaccessible wallets?

Not only the Parity will be affected but it might be the whole ethereum coin reputation as well because i think this is not the first time in which a known ethreum wallet exchange was hacked, that some people might afraid and think now that ethereum is not safe to invest anymore because of this constant hacking events in which the ethereum is involved.

It will be impossible to get a refund, unless some very generous person shoulders the bill.

Are you saying no one is liable for the losses if this turns out to be an irreversible lockup? Once investors have transferred the funds, isn't the team on the receiving end responsible for managing their wallet properly?

ETH was so good and so secure a NOOB by accident broke it ?  :D

Inbeforeanother fork aahahahhaha

ETH = SCAM.

I've been saying that since it's ICO in 2014.

You get what you deserve investards.

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EDIT:


Free market.. no laws.. decentralized.. open source.. no banks! ..no regulations !

CALL THE COPS !!!

AHHAHA derpty derppppty derp fuckin' hypocrite bitch chumps.
The cops will laugh at you all for being a scammy ass greedy idiot participating in a pyramid scheme.

It never fails to amuse the shit out of me when you all chant no laws then bolt to calling the cops.
You make me sick people.. you are sad & pathetic..

Ethereum did exactly what is was supposed to. You can't blame Ethereum for ParityTech's bug and not having their code audited much like you can't blame the gun for a pinguin shooting himself in the foot.

The Dropdeck project is saying they were hit by the parity bug and do not have access to any of the funds from their ICO. I want to believe them and look up more about this parity bug. The timing of their announcement is a bit weird. I feel like someone should be held accountable. This is pretty unique in the crypto world where you invest and people just disappear with the money or the money gets locked due to some weird bug. Thieves can just blame the bug and hide behind the obscurity.