A newbie just killed Ethereum

[x86Daddy]

lol. is that real? can't believe how he can do that. a big company like this must have some plan to make sure this happen. maybe just a fake news

[BitcoinDiamond]

Skeptical until confirmed. Bugs will be addressed and fixed. Like everything in world. Don't worry.

[inbtctrust]

the headline of the topic has nothing to do with the news itself... its bad only for parity wallet holders and i believe it will be fixed soon

[smoolae]

Let's see where this is going...

[barlo357]

I can't believe that this is possible. I think people should be able to fix this.

[BasedCoin]

It's simple really, imagine walking up to a bank vault and there's a button that says "Lock Forever"....... someone accidentally pushes it.

Just.. 

source: Devops199 twitter https://twitter.com/devops199/status/927919624875905025

[bitofc]

Ethereum is a great concept and definitely will have a lot of value in future.
But it looks likes it is not suitable for production yet when dealing with hundred of millions involved.
It should be continuously tested in testnet first.

[shyliar]

How crazy.  I'm a big fan of Ethereum and thankfully didn't have any holdings in parity, but man, it is hard to believe a newb could destroy $100s of millions just while experimenting with some code.  

Not sure why you find it hard to believe. Ethereum is Turing complete and ETH is a public blockchain. That means anyone (amateurs, incompetent coders and hackers) can run code on the system anytime they want, even unvetted insecure code. Will happen over and over again.

[Coin12]

I was wondering why Ethereum was trending on Twitter.

This article explains the bad news for some Ethereum holders  https://www.cryptpool.net/ethereum-wallet-vulnerability/

Article is also made people by mistake. Article is not always right. If etherium trending in twitter, means twitter user believe in etherium development in future. Just stay tune what will happen in future.

[Jonsnowstark]

It is a sad news that it has to be like this. A curious developer with just one mistake and such a huge impact. I hope they do something about this fast. The founder proposed an EIP to reclaim our accounts but stilll it needs a hard fork to activate it. Now we turn to hard fork to overcome bad programming. How many hard fork has there been and how many hard forks to come? This is just becoming frustrating.

[flashbit]

According to paritytech.io it's the second time a multi-sig issue is find since July!

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

"We are analysing the situation and will release an update with further details shortly."

ETH price itself don't move right now, weird. Any news I missed?

[xKARELx]

I was wondering why Ethereum was trending on Twitter.

This article explains the bad news for some Ethereum holders  https://www.cryptpool.net/ethereum-wallet-vulnerability/

I think that this is not true, because. Beginners also have the right to broadcasts and everything else ..

[hua_hui]

the headline of the topic has nothing to do with the news itself... its bad only for parity wallet holders and i believe it will be fixed soon

Yup, it only affects the parity wallets. Eth in general is still safe. However, i really hope i do not see the re-happening with the eth classic fork again. Eth is a great project, however, such an issue still happen from time to time, and it will create more FUD for eth.

[residivis]

maybe this is part of a process that is indeed made to increase the price that will be on etherium, because I myself often resemble such news but in the end still there is no problem to worry about.

[JeffBrad12]

According to paritytech.io it's the second time a multi-sig issue is find since July!

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

"We are analysing the situation and will release an update with further details shortly."

ETH price itself don't move right now, weird. Any news I missed?

The ethereum price gets a little impact due to the parity vulnerability but this time the price already recovered because that was not a problem from the ethereum but the parity dev can't build the wallet properly. This why a lot of the new competitor or ico project try to build the more safe wallet just like eidoo. There is no news right now. but just waiting for the parity dev's explanation regarding it. It's the parity fault and that doesn't make sense to say about the next hardfork for ethereum.

[Paashaas]

ETH is a minefield with bad script language.

Vitalik is trying to reinvent the wheel of crypto, i respect his work but that's not going to happen.

He should have build his smart contract platform on Bitcoins Blockchain.

Rootstock and Simplicity took that opportunity.

[vv181]

I starting to worry about the ethereum developer, two major bugs has happened to ethereum, from the source code bug and now the source code vulnerability, its cost a massive amount of money, with the recent bug I hope ethereum developer will be more careful and strict to review the code.

[GRR]

+3% in 24h. Looks really dead to me.

[Maveth13]

daaamn , what happend ? This will get ethereum to drop so hard in the next days/weeks , time to move to ethereum classic I guess ). If this is for real then all the ethereum holders will have to suffer from that mistake.

A newb turned a smart contract into a multi-sig wallet, declared ownership and suicided it destroying the library that multi-sig wallets depend on making all the ETH frozen for good.

And with newb I mean; yes, litterally a newb. Apparantly he isn't quite aware of what he did and I think he's scared because he basically just burned like 500k-800k Ethereum (100-300 million USD)

This bit is a little funny honestly, even the small conversation on the link OP provided. I guess will see in the few weeks how this would affect the price, seems that it's currently not affecting it or maybe that's just because not a lot of people knows about this.

[ZZ111]

This is the craziest shit ever