Ledger Nano S

Ledger Nano S - The secure hardware wallet

Thursday, November 9, 2017

Crypto News: Someone deleted some code in a popular cryptocurrency wallet — and as much as $280 million in ether is locked up

Someone deleted some code in a popular cryptocurrency wallet — and as much as $280 million in ether is locked up

An estimated $280 million worth of the cryptocurrency ether is now locked up after a user accidentally deleted the code necessary to access the digital wallets hosted by the company Parity Technologies.The vulnerability affects multi-signature digital wallets launched through Parity since July 20. Multi-sig wallets usually contain large sums of money, since they are used primarily by startups or large groups looking to prevent any one member from running off with the money.

An unidentified user accidentally deleted the code library required to use recently created digital wallets within Parity, a popular digital-wallet provider, according to a security alert posted on the company's blog on Tuesday.

The freeze affects all multi-signature wallets created on Parity after July 20.

Multi-sig wallets are especially popular among cryptocurrency startups and other groups because they require more than one person to agree before any currency gets moved around. It's a safeguard against rogue employees who might want to run off with the money.


Full story at http://read.bi/2jcLybh


Source: Business Insider Nordic


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.