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Title: $300m in cryptocurrency' accidentally lost forever due to bug Post by: irfanmalik04 on November 09, 2017, 07:10:10 AM User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back
More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency that fuels the Ethereum distributed app platform, and was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred. On Tuesday Parity revealed that, while fixing a bug that let hackers steal $32m out of few multi-signature wallets, it had inadvertently left a second flaw in its systems that allowed one user to become the sole owner of every single multi-signature wallet. Title: Re: $300m in cryptocurrency' accidentally lost forever due to bug Post by: tradecoin247 on November 09, 2017, 07:13:01 AM LMAO WHAT???? this is so fucked
Title: Re: $300m in cryptocurrency' accidentally lost forever due to bug Post by: lambomoonmoney on November 09, 2017, 07:13:38 AM User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency that fuels the Ethereum distributed app platform, and was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred. On Tuesday Parity revealed that, while fixing a bug that let hackers steal $32m out of few multi-signature wallets, it had inadvertently left a second flaw in its systems that allowed one user to become the sole owner of every single multi-signature wallet. what a waste Title: Re: $300m in cryptocurrency' accidentally lost forever due to bug Post by: Money Maker Shaker on November 09, 2017, 07:42:37 AM in other words Ethereum is a shitcoin with lots of bugs and when you invest in it, you may lose all your money because someone else could steal your coins using the ethereum features.
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