Hacker stole $31M of Ether. Can this happen again?

[tanghere02]

Yes it could happen especially when you have logged on to a phishing site, so basically before making any transactions we have to be very careful because we can't afford that to happen. And once our holdings will be gone, we can't retrieve them back for sure. These hackers are growing and they are getting good at it as well.

[aleksej996]

It wasn't a fault on the ethereum blockchain, It's paritys fault that led to the hack. It's a blunder which made every users of Parity vulnerable.

I don't know about that. They forked before when there where hacks, that definitely motivates projects to race in the fast development field more then testing the code and paying attention to security. This isn't the only time, it keeps happening again and again. The whole platform takes a very laid back approach to security and is very focused on pumping out new shiny features.

Unfortunately, yes - it certainly can- we are living in the era of cutting edge technologies, which are mixed blessing as they, put together introduce both a lot of advantages and new problems. On the one hand blockchain enables us to accomplish relatively cheap verified transactions with transparency, while on the other it's not a cure against hackers. Even worth than that- we are unable to get any money back by any wire transfer like with fiat money and regular banks. So that's exactly why this will go on happening... Unfortunately

Etherum seems more like a bleeding edge technology then a cutting edge tech. Bitcoin is cutting edge, it can do many things and it has potential to do a lot more, it is just more tested and is focused more on security and stability, but there is many OP codes that are left to be added with a soft-fork. Satoshi thought about many things when he started the blockchain, there are many things that just haven't been implemented yet for security and stability reasons.

Hackers will never go away.

This is a bit extreme, but if a hacker has the skills and knowledge enough to exploit a codes weakness and steal from people with unsecured wallets...does he deserve his loot?
Shouldn't the code have been more secure? Shouldn't people know the basics about securing your crypto?
Well, of course theft still sucks, but instead of worrying about hackers, secure your shit and use secure platforms.

Don't be the idiot that travels to a developing country, openly takes pictures with your iphone 8 while wearing a rolex, then blame the whole country of being a terrible place after your stuff gets stolen.

It should be developer's responsibility to make secure code and hacker's responsibility to report vulnerabilities when they find them. You need a little bit of an overlap to insure the quality of development, but I agree with the sentiment of your post, that developers are very much to blame here.

[ntb85]

20 july a hacker pulled off the second biggest heist in the history of digital currencies.

https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce

Making anything available to anyone is quite a dangerous thing. Can this happen again? Who thinks about it?

It is about the exploit in the parity wallet network. So yeah it will happen again somewhere. Phrase based wallet hack like the parity network incident was  made possible by creating phishing sites. I was fooled by one of those. Posing as myetherwallet while the phishing site is myethereunwallet.

good to knowww 

[letecia012]

If this happen again there will be no reason it will not happen again. only times know

[12retepnat34]

Every time hackers want to hack every cryptos that they want to hack and this can be happen every time but no one will get  caught because it can be trace unless they will take responsible for that action! and what happen to that stolen ethereum?

[dirgayeah]

So the matter is hacker (black hat hacker).
In cryptocurrency the hole and bug is still existing and this become a chance for hacker to put exploit on it. With this accident i hope ethereum developer is looking around for a bug ni each node and block. Because the hacker is still try to stole it. They are always do it in replay attack.

[rube08]

I just read the story and good job to the other hackers that stole money safely so that the bad hackers couldn't steal it. They are returning the money.

[StockBet.com]

It will likely happen again because there are several ICOs that want to do what shouldn't be done.

These ICOs want to create banks or investment funds, which will centralize money, like the way exchanges and DAO did, to attract hackers or employees to steal.

[weav]

It will likely happen again because there are several ICOs that want to do what shouldn't be done.

These ICOs want to create banks or investment funds, which will centralize money, like the way exchanges and DAO did, to attract hackers or employees to steal.

Exactly this , when there is so much money in play alot of people will try to take it.

[vozphongtom]

everything can happen , so everything need update , if you update slowly you will lost your money.

[nomad1109]

It's such a young technology that these things will happen. One should however distinguish between faults on the tech side and on the user side. A lot of the time when crypto gets stolen it's due to the user being stupid and pressing links or downloading stuff which is obviously risky. So it's very much up to the user to treat their computer like a wallet, and not just "keep it laying around on the counter", so to speak.

[DanWalker]

I think it's not a question about hacking opportunity, it's about when will this happen again. All hacks are possible just because of human factor.

[ask]

Using a ledger will make you safe. It will keep your coins safe and secure. If you have 100 Ethereums then you can spend few bucks to buy a ledger.

[onesalt]

Using offline wallets, even more trustable ones, will reduce the risk. Yeah, it can happen again anyway.

[wissy]

Its quite possible that it will happen again. On the internet everyone is vulnerable and can be a victim of a hacker. Since now scams and hacks are becoming more and more sophisticated, there is a high chance that we will read about this kind of stories all the time.

[Baofeng]

To prevent the hacker from robbing any more banks, the white-hats wrote software to rob all of the remaining banks in the world. Once the money was safely stolen, they began the process of returning the funds to their respective account holders. The people who had their money saved by this heroic feat are now in the process of retrieving their funds.

kudos to the good guys -- "white-hat hackers"!! 

Yup, the white hackers seeing the vulnerabilities as well, moved all the funds to a safe location. However, the black hackers was already stolen a huge chuck of the money already.

Its quite possible that it will happen again. On the internet everyone is vulnerable and can be a victim of a hacker. Since now scams and hacks are becoming more and more sophisticated, there is a high chance that we will read about this kind of stories all the time.

As much as we are evolving this technology, hackers as well are doing everything to find exploits and vulnerabilities so I think it could happen once again. Its really sad though to see hackers stealing money out of the unsuspecting victim. That's why its very important to patch things up before some hackers find the weakness and steal our money.

[hefjor]

20 july a hacker pulled off the second biggest heist in the history of digital currencies.

https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce

Making anything available to anyone is quite a dangerous thing. Can this happen again? Who thinks about it?

For it me it could be possible to happen again because in the next era many hacker or attackers could build their own software to bypass the security of the said wallet because they will pay much more attention on this because in the next generation crypto currency will be the most important thing sooner

[Aamir1]

It has been proved with the time that ETH network is not totally safe, or maybe not safe at all, because hackers have been successful in exploiting the network more than once now. So people having or using ETH are really concerned with the situations occurring lately and it must be a very difficult time for the developers, but they should do something for this, as if this keeps happening, the coin won't have a safe future and people will stop using it forever if they feel their money is not safe in it.

[Rahip]

This can happen again, there is weak security and stability in the whole system.

[silent17]

I think it will, but I really hope it will not happen again. I hope that crypto dev can create a tracker to track down those theaves and put them in bars so they can't do bad things anymore.