Bitcoin Forum
July 18, 2018, 06:51:11 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Parity Wallet Bug Locks $150 Million in Ether  (Read 51 times)
XECTA
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
November 11, 2017, 01:26:19 PM
 #1

I Accidentally Killed It’: Parity Wallet Bug Locks $150 Million in Ether
The Ethereum ecosystem encountered another black swan event this week with the activation of a bug in the multi-signature wallet software released by Parity Technologies. The bug resulted in multi-sig wallet users permanently losing access to an estimated $150 million in funds. Leading some people to compare the significance of the event to the infamous collapse of bitcoin exchange Mt. Gox.

Parity’s $150 Million Wallet Bug

“I accidentally killed it.”

With those words and a link to an ethereum contract address on Etherscan, Github user “devops199” revealed that he or she had inadvertently exploited a bug in the Parity Wallet library contract. Apparently, the user had turned the library contract into an ordinary multi-sig wallet and had become the owner of that wallet.

Recognizing what had happened, the user attempted to delete the code that had transferred the wallet ownership. However, because the wallet contained library contract code — and all Parity multi-sig wallets rely on that code for their internal logic — the deletion of the code permanently froze the approximately $150 million in funds stored in Parity multi-sig wallets.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531896671
Hero Member
*
Offline Offline

Posts: 1531896671

View Profile Personal Message (Offline)

Ignore
1531896671
Reply with quote  #2

1531896671
Report to moderator
Aegis Platform
Jr. Member
*
Offline Offline

Activity: 32
Merit: 0


View Profile WWW
May 05, 2018, 07:15:51 AM
 #2

Smart Contract auditing is still a grey area. New bugs are discovered everyday. That's why Aegis Platform is launching a reasonably priced triple audit service allowing smart contract authors to do expert audits, automated audits and bug bounty audits in one place and get certification. Visit us at www.aegissmartcontracts.com and check out the whitepaper for more details.
Herp-a-derp
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250


ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018


View Profile
May 11, 2018, 07:26:07 AM
 #3

Apparently, many have forgotten about the fact that you should not trust huge amounts of money for raw projects





████████████████     ██                ██              ██    ▄████████████████      ████████████████     ▄████████████████▄    █████████████████▄
                     ██                ██              ██                                                                ██                    ██
                     ██                ██              ██                                                                ██                    ██
                     ██                ▀████████████████▀    ▄████████████████▄            ██             █████████████████     ██             ██
█████████████        ██                        ██                            ██            ██             ██             ██     ██             ██
██                   ██                        ██                            ██            ██             ██             ██     ██             ██
██                   ██                        ██                            ██            ██             ██             ██     ██             ██
██                   ██                        ██                            ██            ██             ██             ██     ██             ██
████████████████     ████████████████          ██             ████████████████▀     ████████████████      ██             ██     ██             ██
 
█     █
█    █
█    █
█    █
█    █
█    █
█    █
   
█    █
█    █
█    █
█    █
█    █
█    █
█     █

█     █
█    █
█    █
█    █
█    █
█    █
█    █
   
█    █
█    █
█    █
█    █
█    █
█    █
█     █
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
████████████████▀▀  █████
█████████████▀▀      ██████
██████████▀▀    ▄     ███████
███████▀▀     ▄█▀     █████████
███▀▀      ▄██▀       █████████
█████▄    ██▀        ██████████
████████ █          █████████
███████ █ ▄███▄▄   ████████
████████████████▄▄███████
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
TOKEN GENERATION EVENT
JUNE 4 UNTIL JUNE 24  [ WHITEPAPER ]
[TWITTER] [FACEBOOK] [REDDIT] [STEEMIT]
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!