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ID:

parity-795

Date:

Status:

Incident Count:

July 20, 2017

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

30,000,000

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Recovered:

-

Rewards:

Currency:

USD, ETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Smart Contract

Contract Vulnerabilities

Extended Method:

Initialization error

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Days in Operation:

0

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On July 29, 2017, the Ethereum multi-signature wallet company Parity issued a security alert, notifying users of serious vulnerabilities in its wallet v1.5 or later. That day, a black hat hacker used the vulnerability to exhaust the Parity wallets of three Ethereum projects, stealing a total of 153,037 ETH from Swarm City, Edgeless, and Aeternity. The attacker sent two transactions to each of the affected contracts: the first to obtain exclusive ownership of the MultiSig, and the second to move all of its funds.

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