Parity Wallet lost $32 million worth of Ether
07/19/2017 AD hacked

The wallet was not declared ‘internal", thus allowing messages from an external source. The attackers simply sent a message that told the wallet, ‘Hey, you belong to me now.’ Then told the wallet to redirect its contents to the hacker's account..

The hack made a lot of people look bad. The theft not only hit a company that was highly trusted, it also targeted a type of wallet that was supposed to be extremely safe. The wallet was also created by Gavin Wood, one of Ethereum’s co-founders and the author of Solidity, the Ethereum coding language.

Vigilantes calling themselves the White Hat Group intervened, stealing Ether out of wallets before the hackers could get to it. Later, this group transferred the Ether back to its owners, saving about $200 million from being stolen, he said.

→Adrianne Jeffries, Ethereum hacking continues to be extremely lucrative

Events in 2017 MORE