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EthereumVision
Newbie
 Offline
Activity: 12
Merit: 0
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July 19, 2017, 11:04:09 PM |
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Very sad... Ethereum is still an early stage project. Probably not ready for mass adoption for the time being.
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shinratensei_
Legendary
 Online
Activity: 3080
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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July 19, 2017, 11:15:15 PM |
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The hacked has stolen through the vulnerable of the multisig wallet. The white hacked already secured over 140 million dollars (ethereum amount + asset). These 3 project of the icos getting hacked by the hacked such as Vslice, Swarm, and I can't remember the last project that has drained by the hacked. The parity developer already took the action to make a patch for the multisign wallet. |
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lijoe408
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July 19, 2017, 11:18:31 PM |
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Heard about it this morning. I assumed that this was the catalyst for the price drop. I wonder if the news has been priced in yet, or will ETH dip some more
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CrowdFunder
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July 19, 2017, 11:47:31 PM |
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Thank god for the whitehap hackers that preserved all the other multisig parity funds. Really though people need to test their code better, now my swarm city tokens have lost their development funds and the price has crashed.
Its not the end though ethereum will recover as it always has, and so will the ERC20 projects if the devs are really serious about them.
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bongiu
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July 19, 2017, 11:56:01 PM |
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Thank god for the whitehap hackers that preserved all the other multisig parity funds. Really though people need to test their code better, now my swarm city tokens have lost their development funds and the price has crashed.
Its not the end though ethereum will recover as it always has, and so will the ERC20 projects if the devs are really serious about them.
Yeah it will recover but at what rate? In my opinion it won't be the same in terms of growing capability now that there has been a security breach like this  |
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mining1
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July 19, 2017, 11:57:43 PM |
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It dropped ~20% from the peak, so i don't think it can drop much more to worth the short risk. I sold some earlier today and bought back.
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Grant Hero
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July 20, 2017, 12:01:17 AM |
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Correct me if I'm wrong, but isn't holding your funds in paper wallets a sure way to protect yourself from hacks like this?
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BeggarInCryptos
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July 20, 2017, 12:27:25 AM |
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Correct me if I'm wrong, but isn't holding your funds in paper wallets a sure way to protect yourself from hacks like this?
Good question. And the next one is: how safe is MyEtherWallet? |
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BTCwriter
Legendary
Offline
Activity: 1008
Merit: 1000
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July 20, 2017, 12:46:06 AM |
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Never ever use third party wallet, if the dev don't have the ability to code a decent safety wallet then the coin shouldn't worth anything. |
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hellwithbanks
Newbie
Offline
Activity: 29
Merit: 0
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July 20, 2017, 12:46:24 AM |
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Correct me if I'm wrong, but isn't holding your funds in paper wallets a sure way to protect yourself from hacks like this?
Good question. And the next one is: how safe is MyEtherWallet? I seriously have questions about myetherwallet. If classic ether wallet can be compromised then myetherwallet has a chance too  |
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xiaohang07
Sr. Member
Offline
Activity: 392
Merit: 253
Open and Transparent Science Powered By Blockchain
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July 20, 2017, 01:30:46 AM |
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Hopefully MyEtherWallet is immune to these types of hack.
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gokayc
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July 20, 2017, 01:39:48 AM |
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Hopefully this incident won't effect the Ethereum's price. Ethereum's moved up really good yesterday and I can see the price has dropped a little but now looks like getting back very well. Hope won't drop more and keep increase.
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xiaohang07
Sr. Member
Offline
Activity: 392
Merit: 253
Open and Transparent Science Powered By Blockchain
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July 20, 2017, 01:47:29 AM |
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Hopefully this incident won't effect the Ethereum's price. Ethereum's moved up really good yesterday and I can see the price has dropped a little but now looks like getting back very well. Hope won't drop more and keep increase.
It seems that the price has been affected, unfortunately. However, it will not affect its long term potential. |
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bbc.reporter
Legendary
Offline
Activity: 2912
Merit: 1440
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July 20, 2017, 01:54:28 AM |
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Very sad... Ethereum is still an early stage project. Probably not ready for mass adoption for the time being.
That is not an excuse for the incompetence of their developers. If it is really still an early stage project in their eyes then they should not allow this project to be in the market especially right after the DAO hack. This should stay in testnet mode only. |
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Sync485
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July 20, 2017, 02:46:32 AM |
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probably because of this price is going down again. also same for edgeless and swarmcity. do you have information about how they hacked?
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One Man Band
Newbie
Offline
Activity: 36
Merit: 0
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July 20, 2017, 03:15:02 AM |
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So it looks like Parity.io were using buggy code is the problem in this case, not Ethereum?
The platforms being developed upon ETH have so many moving parts they're highly vulnerable to exploits.
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bitcoinvestor
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July 20, 2017, 03:20:47 AM |
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Ehterium wallet seem most wallet to get hacked. Mew was hacked too about $500 worth lost. That's not to big amout but it alerts me to the security. I think I move some asset to waves. till now, waves wallet is still safe. I think there is mass hacking attemp to etherwallet , be careful. |
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realHCplease
Newbie
Offline
Activity: 23
Merit: 0
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July 20, 2017, 03:25:20 AM |
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probably the handy work of a government agency
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Caesar-Giulius
Sr. Member
Offline
Activity: 728
Merit: 250
Buy, sell and store real cryptocurrencies
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July 20, 2017, 03:27:24 AM |
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Correct me if I'm wrong, but isn't holding your funds in paper wallets a sure way to protect yourself from hacks like this?
Good question. And the next one is: how safe is MyEtherWallet? I seriously have questions about myetherwallet. If classic ether wallet can be compromised then myetherwallet has a chance too Oh dear, if myetherwallet is not safe mean we need to keep each individual coin in respective paper wallets? |
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