Hackers steal $ 32 million on Ethereum

A couple of days ago we told you how in Israel they had stolen about $ 7 million in Ethereum in a very simple way. Now, a new theft affects the cryptocurrency. This time it is a much larger quantity. $ 32 million on Ethereum.

Hackers steal $ 32 million on Ethereum

This time the theft has occurred at Parity, an Ethereum client. The founder of Parity has commented that the cause is a critical vulnerability that has allowed a hacker to access three accounts. Due to this vulnerability, he has managed to steal close to $ 32 million on Ethereum. Around 153, 000 ETH.

Theft of 32 million on Ethereum

The vulnerability has been detected in the contract used to create Ethereum wallets with several signatures in Parity 1.5.The wallets allow several people to control cryptographic keys with which they can remove Ethereum from the wallet, as long as the majority of users authorize such movement. After this theft, Parity have asked users to use the purses to transfer the money to a secure account.

In total there are three main accounts affected. But, for the moment, it is not ruled out that there are other affected accounts. In fact, there are users who also report having lost cryptocurrencies from their accounts. Which causes speculation about cryptocurrency security to skyrocket.

These are certainly not good days for the coin. After this theft was made public, the value of the virtual currency fell 15%. So its value has sunk further. From the virtual currency they claim to be working on a solution to the problem. We will keep you informed about this theft of enormous magnitude.