Top

Hacker grabs $30 million in ether through Parity multisig wallet flaw

July 20, 2017

Category:

Another day, another cryptocurrency heist: this time, the attacker has stolen some $30 million in ether (ETH – value token of the Ethereum blockchain) from a number of vulnerable multisig Parity Wallets.

The attack and the current situation

The zero-day vulnerability that allowed the theft is actually present in Parity Wallet’s variant of the standard multi-sig (multi-signature) contract (and has already been fixed), but not before a group of professed whitehats has used it to drain many other vulnerable multisig wallets of their contents, for a total of 377 ETH, currently around $77.5 million).

Read More on Help Net Security