Ethereum Hacked - AGAIN!

[Gnosis7777]

It seems they can't go more than a few months without getting hacked!


https://paritytech.io/blog/security-alert.html

Security Alert
7 November 2017
Severity: Critical

Product affected: Parity Wallet (multi-sig wallets)

Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.

 

[Gnosis7777]

https://www.reddit.com/r/ethereum/comments/7bcuhi/psa_critical_security_alert/

[–]rainydio 3 points 18 minutes ago
We really need better and safer languages than Solidity. With clear state transitions (like Bamboo), immutability, explicit access modifiers, etc.

It is getting ridiculous. So many articles were written about recent hack, yet noone spotted this problem.

PS: Viper default function visibility is public ...again



[–]alsomahler 0 points 6 minutes ago
The community seems to have a new choice. Allow the holders to have access to lost money again and get the investment into the ecosystem.... Or deny a fix for this resulting in 500k ETH destroyed.



-------------------------------------

DAO part II?

[Gnosis7777]

https://www.reddit.com/r/ethereum/comments/7bcuhi/psa_critical_security_alert/

[–]WWWWWWWWWWWWWWWWWW1 65 points an hour ago
The Parity team have officially lost all credibility, are they running their internal code reviews like a weekend hackathon? Millions more have been lost because of a lack of oversight, going forward the whole community need to just stay away from their products.

[Gnosis7777]

[–]Tarkedo 1 point 5 minutes ago
We cannot keep forking every time some major eth player leaves a bug in the code.

It's just not serious enough.

–]rainydio 3 points 21 minutes ago
We really need better and safer languages than Solidity. With clear state transitions (like Bamboo), immutability, explicit access modifiers, etc.

It is getting ridiculous. So many articles were written about recent hack, yet noone spotted this problem.

PS: Viper default function visibility is public ...again



Ethereum users calling for another fork? Now you'll have Ethereum, Ethereum Classic, Ethereum Classic Squared

[Gnosis7777]

All multisig wallets may be compromised!


https://www.reddit.com/r/ethereum/comments/7bcuhi/psa_critical_security_alert/


[–]sad555 8 points 2 hours ago
All the funds of MultiSig wallets seems to be frozen atm... What a f*cking disaster.

[Gnosis7777]

Yep, it appears pretty much all multisig wallets are screwed.

https://twitter.com/polkadotnetwork/status/927880762053021702

[cellard]

It seems they can't go more than a few months without getting hacked!


https://paritytech.io/blog/security-alert.html

Security Alert
7 November 2017
Severity: Critical

Product affected: Parity Wallet (multi-sig wallets)

Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.

 

Parity was always weak. It looks great, it syncs fast, but it's not safe. I warned about how Parity for Bitcoin was a mistake too when a lot of people were exciting.

Ethereum is such a clusterfuck. The official client can't properly sync a full node anymore due the massive bloat on the blockchain, you can't properly download it.

Then if you want to use Parity, you are not getting the full blockchain and you aren't safe anyway as we can see with all these exploits. Full turin complete was always a mistake and we will see ETH have these problems forever.

[asdlolciterquit]

How is it possible that there is so many security problems? How many coins/dollars have been lost?

Really bad...will see if and how much the price will drop..

[slaman29]

What a slap to the face of Ethereum! We've all known how extremely vulnerable it was - people can blame Solidity but there is just so much wrong. The hacks keep coming, yet the holes take too long to plug up. This is a huge embarassment, especially after the forking has already initiated. What happened to better security?

And people are wondering what the fuss is when lesser developers take over Bitcoin to fork it. The need for extremely good developers with genius coding skills is not just a high barrier, it is a necessity in crypto.

Terrible news.

[ImHash]

6 posts in a row looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions?

[Gnosis7777]

6 posts in a row looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions?

They might have to.

Disclosure: I'm have no love for Ethereum but people are going to get screwed here.

[xenomorphe1]

How to burn your ETH... Maybe one of the dev made it on purpose? Don't use Parity wallet!

[Gnosis7777]

http://www.trustnodes.com/2017/11/07/ethereums-parity-hacked-half-million-eth-frozen

A security vulnerability in Ethereum’s second most popular client, Parity, has been exploited by this address earlier today.

All Parity multi-sig wallets have been frozen. That includes the Polkadot ICO and may include many others totaling around 500,000 eth, worth $150 million, according to some number crunching.

[jlaakso]

I actually would like the price to dip a lot, opportunity to buy more All in all, bitcoin has had bugs as well in the past, it has survived and is more secure than ever. I believe same will happen to ETH as well.

[Gnosis7777]

They're debating hard-forking already...

https://www.reddit.com/r/ethereum/comments/7bdery/should_ethereum_hard_fork_to_save_the_parity/

[J. Cooper]

Wow it has happened again?! Unbelievable. I've always been a fan of the concept behind ethereum but you can't have these kind of flaw in your system to be considered a major cryptocurrency. The reason people trust bitcoin is because it has never been hacked before and this trust has been essential for the recent growth that bitcoin has experience over the last year. Therefore I don't believe ethereum has what it takes to be cryptocurrency that's here to stay. The trust has been fractured way too many times. I'll pass.

[Kat_Slash]

Why people dont understand difference between Eth Client and Eth network. You cannot blame Eth for stupidity of Parity developers. If their code is not robust enough then its their own problem!

[shinratensei_]

6 posts in a row looks like a wallet was hacked and not the ETH blockchain, If you could find a hack into the blockchain then it'd be interested for many people, Maybe they could do a hard fork and reverse all the transactions?

They might have to.

Disclosure: I'm have no love for Ethereum but people are going to get screwed here.

Back in July about the white hacker already saved a lot of the money from the evil hacker from the parity multi-sig wallet. and they must learn a lot from there. The case still on the analyzation by the parity developer. Why are so many people saving their amount in the unsafest wallet in the ethereum history?

That was actually true if you have no love to the ethereum but you are against the ethereum platform.

[Lord_Trajan]

It seems they can't go more than a few months without getting hacked!


https://paritytech.io/blog/security-alert.html

Security Alert
7 November 2017
Severity: Critical

Product affected: Parity Wallet (multi-sig wallets)

Summary: A vulnerability in the Parity Wallet library contract of the standard multi-sig contract has been found.

 

It's parity that's hacked, not ethereum. Still pretty bad..

[Missolawumi]

Apparently the price will dwindle, but just still puzzled about why this keeps repeating itself consequently.