Code bug freezes $150m of Ethereum crypto-cash

There has been a boom in digital currency this year with old players like Bitcoin surging to unimaginable heights and new entrants joining the field as well. If any of you follow digital currency then you would be aware that there was an issue with the Ethereum virtual currency yesterday. The issue was caused by an unpatched bug in the code that froze over $280 million in the virtual currency. Parity, a digital wallet company, has warned users that their Ethereum funds might have been frozen inadvertently after a code contributor accidentally deleted the library that’s required to use multi-signature wallets created after July 20th. They’re the kind of digital wallets that require multiple signatures before funds can be moved.The bug that was triggered by this converted Parity’s Wallet contract into a standard multi-signature wallet. This made every Parity wallet “suicide” and erased the guiding library code.This is no minor incident. Many virtual currency observers are of the

Code bug freezes $150m of Ethereum crypto-cash

A novice programmer accidentally locks away about $150m of a crypto-currency called Ethereum.

Thu 9 Nov 17 from BBC Technology

200 MILLION of virtual currency Ether has been lost

The currency was destroyed by accident, according to London-based Parity, the developer that built the digital wallets in which ethers are stored.

Wed 8 Nov 17 from Daily Mail

A Code Bug Froze $280 Million In Virtual Currency

There has been a boom in digital currency this year with old players like Bitcoin surging to unimaginable heights and new entrants joining the field as well. If any of you follow digital currency ...

Wed 8 Nov 17 from Ubergizmo

$300m in cryptocurrency accidentally stolen and lost forever due to bug

User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them backMore than $300m of cryptocurrency has been lost ...

Wed 8 Nov 17 from Guardian.co.uk

Code mistake freezes up to $280 million in digital currency

Imagine if one person's code error deprived you of a pile of money, and there was no guarantee you'd get your funds back. Wouldn't you be hopping mad? That's how ...

Tue 7 Nov 17 from Engadget

$150 Million Worth Of Ethereum Reportedly Frozen Due To Parity Wallet Vulnerability

If you recently jumped on the Ethereum bandwagon, you might want to sit down for this news. A security vulnerability has been discovered in the Parity wallet service deployed by Parity Technologies. According ...

Tue 7 Nov 17 from HotHardware

With deletion of one wallet, $280M in Ethereum wallets gets frozen

Parity multi-signature wallets created since July break, affecting 1M ETH.

Tue 7 Nov 17 from Arstechnica

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