ethereum $110 million hack; Will we see another rollback and ETC.2?

[Asmonist]

guys I am a nub, who is affected from the hack? I have my eth on a Mist Wallet on my PC. Can my ETH be stolen aswell? I also got 10 ETC on Bittrex do I have to worry them getting stolen too?
I would be awesome if someone can clarify what exactly can be hacked and what not?!
thank you

The guys who hold their money in Parity wallet are affected.

[CrowdFunder]

No and I don' think there will be another fork in the future of ethereum. Besides, 110 million usd should be in the wallet of white hat hackers

Yes people from ICN and SWT confirmed it was a group they were working with that did the whitehat hack so the funds are 100% sure to be returned. And even if its not Vitalik already said there won't be another fork.

The reason for the previous fork was that the hackers would control too large a stake of the ethereum network which would be to their advantage after a PoS switch. This time even counting the whitehat we are only looking at 3% of the ethereum network, its just that its got a much higher value now due to ethereum having gone up in value.

[shield132]

Also all those people chiming in saying xxx coins in unhackable, mainly it is because the coin(s) do not have vast value as of yet, so you are relying on security via obscurity for the moment. Anything is hackable.

the most valuable cryptocurrency with the most usage and biggest number of users is bitcoin. hackers have been trying to find exploits in bitcoin to hack it for 8.5 years and they have been failing.
the only thing they could do so far is hacking exchanges, stealing wallets with no password, and tricking idiots into giving them their private key directly

edit:
here is a bitcoin MultiSig containing 119,635BTC = $282 Million
feel free to start hacking it
https://blockchain.info/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

ethereum is supposed to be a smart contract platform and already has the biggest shame of all times: the DAO
and the news keeps coming.
who is to say there aren't more exploits waiting to happen on this coin. there sure are a lot of them happening these days as price is still somewhat high.
you know hackers never kill something right away, they do it slowly to gain the value. like this hack which was only a small amount not all ($32 mil) while the main hacker could empty everything at once.

Seems I was right from the very begining, I didn't like this coin and for me main reasons were hardforks. Suddenly as we see it has bugs and is not safe, seems it's very hard for altcoins to be concurent of bitcoin, many fails.....
As you mentioned, bitcoin is safe (can't say it don't has bugs but currenrly no one has done anything).
I think there will be another etc hard forks again, hope finally something will be fixed at least

[olushakes]

Also all those people chiming in saying xxx coins in unhackable, mainly it is because the coin(s) do not have vast value as of yet, so you are relying on security via obscurity for the moment. Anything is hackable.

the most valuable cryptocurrency with the most usage and biggest number of users is bitcoin. hackers have been trying to find exploits in bitcoin to hack it for 8.5 years and they have been failing.
the only thing they could do so far is hacking exchanges, stealing wallets with no password, and tricking idiots into giving them their private key directly

edit:
here is a bitcoin MultiSig containing 119,635BTC = $282 Million
feel free to start hacking it
https://blockchain.info/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

ethereum is supposed to be a smart contract platform and already has the biggest shame of all times: the DAO
and the news keeps coming.
who is to say there aren't more exploits waiting to happen on this coin. there sure are a lot of them happening these days as price is still somewhat high.
you know hackers never kill something right away, they do it slowly to gain the value. like this hack which was only a small amount not all ($32 mil) while the main hacker could empty everything at once.

Seems I was right from the very begining, I didn't like this coin and for me main reasons were hardforks. Suddenly as we see it has bugs and is not safe, seems it's very hard for altcoins to be concurent of bitcoin, many fails.....
As you mentioned, bitcoin is safe (can't say it don't has bugs but currenrly no one has done anything).
I think there will be another etc hard forks again, hope finally something will be fixed at least

What happened is something unethical that people tend to rejoice over their heist, I mean the hackers whereas some other people are in pain because of their lost investments. There is no coin that cannot be hacked but btc has equally proven over the years to be a formidable force against hackers which is something we continue to hope and this impending hardfork does not create a vacuum to be exploited for such purpose.

[Spoetnik]

another huge loss for ethereum owners when the parity wallet multisignature was hacked and the hacker stole 153,037 ETH which is nearly $32 million worth of ETH.
https://ethplorer.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32

also another group of hackers took the opportunity to drain all the similar multisig addresses with the same vulnerability in ETH and similar tokens.
so far they have hacked the total amount of 379,999 ETH which is nearly $80 million worth of ETH
https://ethplorer.io/address/0x1dba1131000664b884a1ba238464159892252d3a


Do you think we will see another roll-back like the DAO $50 million hack and will it leave us with ETH 2.0 fork?

Isn't the second group white hat hackers that will return the funds?

Oh well that makes it ok then 

I find this topic amusing LOL
..my new fav.

ETH = ICO scam.

[Herbert2020]

No and I don' think there will be another fork in the future of ethereum. Besides, 110 million usd should be in the wallet of white hat hackers

Yes people from ICN and SWT confirmed it was a group they were working with that did the whitehat hack so the funds are 100% sure to be returned. And even if its not Vitalik already said there won't be another fork.

as i said in my previous comment, i tend to stick to facts not promises.
and someone pointed out something very interesting about last time, and the fact that the White Hat hacker tried to sell part of the saved coins on poloniex!

The reason for the previous fork was that the hackers would control too large a stake of the ethereum network which would be to their advantage after a PoS switch. This time even counting the whitehat we are only looking at 3% of the ethereum network, its just that its got a much higher value now due to ethereum having gone up in value.

this is correct. and i did not know this when i created the topic. i did some research yesterday which found out DAO hack was something around 14% of the total supply i believe. but the important part is still the fact that the main Ether holders lost money not the poor nobody users like this hack.
but the poll results are still funny though, despite Vitalik saying fork is not going to happen and this reason, and all the explanations still 35% voted YES. it seems like everyone loves free altcoins they can get and dump

[MyMoneyShark]

Wooohahaha.
ETH got hacked. LOL.
I was paying no trust to ETH system since I've got lagget outa TenX ICO, i just get it, that stuff is glitchy AF.
I dont know, but that ETH buble is too huge.
Wish that ETH will collapse one day

[swalayan]

yes, time to buy ether again! 

[testerx]

For people to keep trusting Ethereum smart contracts with hundreds of millions of dollars when people developing for ethereum clearly don't have any real experience or knowledge to actually security test the stuff they're deploying is just craziness. With all the crazy inconsistencies in Solidity as well as the sloppy approach to updates that they push in Ethereum updates (look at the Geth update that changed address handling that cost QuadrigaCX $14 million worth of ETH) and it's just crazy that people are willing to build anything financially important on top of Ethereum.

I think just proves Tezos is taking the right approach here-it's using less popular languages that really only appeal to developers who give a crap about verifying their contracts are secure before deployment, but that's exactly what all these financial contracts SHOULD be. Nobody should just be deploying contracts to manage hundreds of millions of dollars without giving a second thought to critical bugs.

Anybody who really thinks Ethereum can be "fixed" to work well for these sorts of uses needs to read a couple things:
This post and comments were from before the hack even happened:
https://news.ycombinator.com/item?id=14691212

And the comments in this thread are also very enlightening:
https://news.ycombinator.com/item?id=14807779

[KellyCoin]

It definitely seems that ETH has many flaws even though it some may not be related to ETH it's self. I dont know why these new projects don't try using other platforms to launch their ICO's...But then again ETH may be getting all of this attention from hackers because its currently #1. Maybe if another platform becomes just as popular we will see the same thing happen.

[getitrightson]

This is why we need a coin like Tezos, with formal verification.

[JNiks_ZLisa]

ethereum $110 million hack; Will we see another rollback and ETC.2?

Its Vitalik do, he will not sell, he have enougth clean ETH and ETC for sell:

[losoya]

ETH is actually difficult to hack, most of them who lost their money caused because they enter their private key in web fishing.

We will not know what will happen in the future for etherwallet, we will see how the vital action to deal with things like this

[MyMoneyShark]

ETH is actually difficult to hack, most of them who lost their money caused because they enter their private key in web fishing.

We will not know what will happen in the future for etherwallet, we will see how the vital action to deal with things like this

The problem is... NO BODY CARES.
Which means, Vitalik will not send that losted ETH back to the owners.
Also ETH blockchain sucks, lacking with sidechains.
And I don't like thier politic on the market.
It's a big money bubble based on smart-contracts.

[JNiks_ZLisa]

ethereum $110 million hack; Will we see another rollback and ETC.2?

Its Vitalik do, he will not sell, he have enougth clean ETH and ETC for sell:

I doubt Vitalik has 70,000,000 ETH that are explicitly his.

ICO was fake deal, all this people the same gang

[pey]

I don't care about these hacking attacks as I know these hackers will be caught ultimately, monero or that kind of coins' transactions can be tracked.

[BTCLovingDude]

where did these ether coins move to? any updates on this news.
i can see from those links that both addresses have their balances halved, the "total out" is nearly half the balance.
did the hackers already cash out

[nappoleon]

Although I have some eth, I like to see the price plummet so bad, not because I wanted to buy lower but because I wanted to see these new comers get burned.

[Zadicar]

Although I have some eth, I like to see the price plummet so bad, not because I wanted to buy lower but because I wanted to see these new comers get burned.

Thats too harsh buddy and it seems you do really love for those new comers to get burned.  It will really definitely happen specially for those people who dont have much idea on entering without knowing the recent events on eth ecosystem. Prices will really roll back specially theres a lots of coins have been hacked already.

[Red-Apple]

Although I have some eth, I like to see the price plummet so bad, not because I wanted to buy lower but because I wanted to see these new comers get burned.

Thats too harsh buddy and it seems you do really love for those new comers to get burned.  It will really definitely happen specially for those people who dont have much idea on entering without knowing the recent events on eth ecosystem. Prices will really roll back specially theres a lots of coins have been hacked already.

someone who has "not much idea" should not enter without proper research and education. as price drops and they lose money it is not based on bad luck, it would be because of stupidity.
what you said is true only if someone by accident loses money. like if your hardware fails (HDD dying for example) and you lose your wallet with the money in it.

some newbie who enters trading like a sheep who is following others who told him "ether is the future" deserves to lose money, maybe that can snap him out of it. and i know it is harsh but it is an ugly truth.