Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: CryptoGirl on November 08, 2017, 01:11:35 PM
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All Parity multi-sig wallets have been frozen. Totaling at least 500,000 eth.
A code that fixed a July bug allowing hackers to steal from multisignature wallets, actually contained another vulnerability or backdoor. That backdoor allowed a user known as “devops199” on GitHub, to trigger a function that turned the contract governing Parity multisignature wallets into a regular wallet address and made him the owner.
Devops199 then killed this wallet contract, or, as Parity put it, “suicided” it. This made all multisignature wallets tied to that contract instantly useless, their funds locked away with no way to access them.
http://technews.techfact.org/post/167265508110/the-parity-multisignature-wallets-locked-1-million