Post
Topic
Board Altcoin Discussion
Re: Nobody's mentioned the new Ethereum hack yet?
by
MysticOne
on 22/07/2017, 02:11:46 UTC
I thought it would already have already been mentioned, my apologies if it has.

But Ethereum was hacked for over $30 million dollars! It wasn't just getting somebody's keys, it was a matter of exploiting a vulnerability in the core code. You'd think it would be a bigger news story, especially since it took white hat thieves to stop black hat thieves:

https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce

It has already been mentioned and also the White Hats didn't stop anyone. The hacker got away with $30 million. Initially he used the exploit and moved roughly 28,000 and then almost a day later he had used the exploit to move funds from the 2 other accounts. Also most of these White Hats were probably from Parity trying to limit their fuckup.