Nobody's mentioned the new Ethereum hack yet?

[nutildah]

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

[MysticOne]

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.

[nutildah]

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.

[Seansky]

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.

The hack was caused by a clusterfuck. If they have already checked all possible vulnaribilities before forking ethereum, this wouldn't have had happen, at least that's what I think. You are right that it sounds very bad for ethereum, they need to fix it right now and I think Vitalik Buterin needs to act now to maintain the glory ETH has. I expect more dumps because of this soon.

[speaktome]

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.

The hack was caused by a clusterfuck. If they have already checked all possible vulnaribilities before forking ethereum, this wouldn't have had happen, at least that's what I think. You are right that it sounds very bad for ethereum, they need to fix it right now and I think Vitalik Buterin needs to act now to maintain the glory ETH has. I expect more dumps because of this soon.

I hadn´t 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.

[Celebrity]

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.

[nutildah]

I hadn´t 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.

[shyliar]

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.

[Mr.Anonymous]

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.

In my opinion this is some rumors by some people want the market Ethereum panic in next time after Bitcoin in few months ago, we are know if Bitcoin get issue about SegWit2x in August 1st, most trader will going to FIAT, USDT or some Altcoin have a huge community as Ethereum, Dash ... and this is reason make whales want use the rumors make the price of Ethereum crash in next time

[nutildah]

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?