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$30 Million Ether Reported Stolen Due to Parity Wallet Breach

In another ethereum security setback, Smart contract coding company Parity has issued a security alert, warning of a vulnerability in version 1.5 or later of its wallet software. So far, 150,000 ethers, worth $30 million, have been reported by the company as stolen.

On social media, notable blockchain specialists are already weighing in on the situation, with Proof of Existence creator Manual Araoz suggesting that the compromised addresses could potentially belong to notable owners. Specifically, he identified Edgeless Casino, Swarm City, and æternity – three recent initial coin offering projects built on ethereum – as potentially having been compromised in the thefts. As of press time, Swarm City had confirmed the loss of 44,055 ETH. Edgeless Casino and æternity have not yet given any official comment.

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cryptocurrency, ico, bitcoin, ethereum