$32 Million in Ethereum Stolen From Several Multisignature Addresses

Jul 19, 2017 at 23:05 // News
Author
Nina Lyon
Concerted hacking attacks on several projects holding ICOs have caused losses of over $32 million in Ethereum (ETH)

Concerted hacking attacks on several projects holding ICOs have caused losses of over $32 million in Ethereum (ETH).

On July 19, it was reported that someone has stolen about 153,000 ETH ($32 million) from several multisignature wallets. Three major blockchain projects holding ICOs at this time – Edgeless Casino, Swarm City and æternity blockchain projects – were affected. 


Vulnerability in the multisig feature of Parity wallet 

According to reports, the vulnerability was found in wallets that were created with the Parity wallet multisignature feature. Parity wallet is an Ethereum client that can be integrated directly into a web browser and only those wallets were affected. 

An official statement from Parity warns its users: 

“Any user with funds in a multi-sig wallet created in Parity with the affected implementations should immediately move their funds to a secure address.” 

Victims calling for the hard fork 

Uers whose funds were stolen due to hackers attack are now requesting the Ethereum team to rollback the transactions. However, Vitalik Buterin, the founder of Ethereum, commented in his tweet that no actions to implement a Hard Fork will be taken. He wrote:

Asking for ETH Hard Fork

Ethereum price fell sharply soon after the first reports of the attack: 

Ethereum price, July 19

Coinidol.com world news outlet has sent questions for more details to Purity wallet team. We will keep our readers updated as soon as we have more information.