Tagged: parity

Gavin Wood Says Parity Will Not Fork Ethereum to Restore Frozen Funds

The cofounders of Parity.io, a company that lost or lost access to nearly half a billion dollars of client funds last year, have stated in a blog post today that they are “deeply sorry” and have no intention of forking the Ethereum blockchain to recover… Read More

Ethereum Votes “No” to Rectifying Junior Developer Error that Froze $360 Million in Parity Client Wallets

Ethereum users voted Tuesday not to patch a smart contract accidentally destroyed by a junior developer at Parity last November. The mistake has frozen access to $360 million dollars worth of client ether held in digital wallets managed by the company. The contract was reportedly… Read More

Sagewise Pitches Dispute Digital Resolution Protocol for Blockchain Based Smart Contracts

Ethereum (and Solidity for that matter) are far from perfect. While lauded for the ability to create smart contracts that are “immutable”, when something goes wrong and money disappears with no recourse, immutability may be the number one problem. Right? Ethereum is pretty cool, but… Read More

Trust Will Vanish: Cappasity CEO Criticizes Parity Hack Response as Funds Remain Frozen with No Resolution in Sight

Cappassity CEO Kosta Popov, who is gearing up for the ARToken ICO, has published a blog post that hammers Parity for its tepid response following a hack that froze possibly $300 million in Ethereum. The hack was revealed in early November when it became known that… Read More

Parity Publishes Post Mortem on devops199 Hack that Froze $172 Million in ETH

Parity has taken a breather from its “all hands” call that went out last week when a nefarious character under the username of “devops199” destroyed the Parity library that blocked 587 wallets holding 513,774.16 ETH and a few other tokens. The vulnerability that devops199 uncovered allowed… Read More

Oops, I Accidentally Froze $150 Million of Ether. Or, How Smart Contracts Are Not Invulnerable

Well, here we are again. On November 6, Parity encountered yet another failure, and the result? Reportedly, some $150 to $300 million dollars worth of Ether (we are hearing conflicting reports as to how much ETH has been frozen) is locked down, and we’re hearing… Read More

Cappasity Says Ethereum Parity Wallet Hack is a Deliberate Act of Fraud

  Cappasity, a company in the midst of their own initial coin offering (ICO) that was impacted by the Parity multi-sig wallet hack, has called the hack a deliberate act of fraud. Cappasity told Crowdfund Insider; “Currently, we are running an ICO. On November 7,… Read More

Parity Updates on Wallet Hack

Parity wallet revealed a critical security issue this week regarding a vulnerability in the Parity Wallet. Earlier today, the Parity team posted an update regarding the hack: We very much regret that yesterday’s incident has caused a great deal of stress and confusion amongst our users… Read More

Ethereum Parity Hack May Impact ETH 500,000 or $146 Million

  Parity wallet has announced a critical security alert regarding a vulnerability in the Parity Wallet library contract of the standard multi-sig contracts. Affected users are said to include individuals with assets in a multi-sig wallet created in Parity Wallet that was deployed after 20th… Read More