Trouble in Ethereum: Bug Indefinitely Freezes $150 million of Users’ Funds

29 sec read

Parity, one of the main clients for the software on the Ethereum network, has had yet another issue with it’s multisig option.

Earlier this year, an estimated $30 million was stolen from their multisig accounts, though much of it was later returned by white hat hackers. And their updated version, which has been used since July 20th, is apparently not up to scratch either.

Bug Freezes Parity Multisig Accounts

Thanks to a bug in a smart contract upon which the new multisig relied, all operations on the multisig accounts have been rendered unusable. All except one, that is — you can still deposit. Parity multisig has essentially turned into Ethereum’s own Hotel California.

Read more on our XRayTrade blog…

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