Threat Management, Threat Management

$32 million worth of Ethereum stolen from Parity client

Just days after an attacker made off with $7 million worth of Ethereum, a separate heist managed to make away with nearly $32 million worth of cryptocurrency from at least three accounts by exploiting a critical vulnerability in the Ethereum client Parity.

Parity founder Gavin Wood wrote a Security Alert in the Parity chat channel warning users to move their funds to a a secure address ASAP. The vulnerability affects Parity 1.5 or later and is caused in a version of the multi-sig wallet contract, according to the alert, according to a July 19 security alert.

"THIS IS NOT A DRILL," Wood wrote. "[If] you have a parity-based multisig, move your funds to a secure address ASAP."

White hat hackers have reportedly attempted to secure the lost funds but there and are ongoing in their efforts. Woods said the hackers will “make an announcement on their own time,” pertaining to the situation.

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