Oh, Crap! Someone Accidentally Triggered A Flaw That Locked Up $280 Million In Ethereum
Horrible news for some Ethereum users.
About $300 million worth of Ether—the cryptocurrency unit that has become one of the most popular and increasingly valuable cryptocurrencies—from dozens of Ethereum wallets was permanently locked up today.
Smart contract coding startup Parity Technologies, which is behind the popular Ethereum Parity Wallet, announced earlier today that its "multisignature" wallets created after this July 20 contains a severe vulnerability that makes it impossible for users to move their funds out of those wallets.
According to Parity, the vulnerability was triggered by a regular GitHub user, "devops199," who allegedly accidentally removed a critical library code from the source code that turned all multi-sig contracts into a regular wallet address and made the user its owner.