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November 7, 2017 06:00 pm

Someone 'Accidentally' Locked Away $300M Worth of Other People's Ethereum Funds

On Tuesday, a single user "permanently" locked down dozens of digital wallets containing nearly $300 million dollars worth of ether, the unit of exchange on the Ethereum platform, allegedly by accident. From a report: Now, some in the Ethereum community are considering the possibility of a risky network split, known as a "hard fork," to fix it. The affected wallets -- known as "multisignature" wallets because they require multiple people to sign off before funds are moved, making them popular with companies -- were all created with Parity, a popular program for digital wallets. Parity multisignature wallets experienced a bug in July that allowed a hacker to steal $32 million in funds before the Ethereum community scrambled to band together to hack back and secure the rest of the vulnerable ether.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/s6X7qlhVkHs/someone-accidentally-locked-away-300m-worth-of-other-peoples-ethereum-funds

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