Parity
The Parity team is one of the most respected in the entire Ethereum ecosystem. Led by Gavin Wood, one of the founders of Ethereum, they are some of the most experienced and skilled blockchain developers in the world. Unfortunately, everyone is human and the Parity wallet product had a flaw. This flaw allowed an attacker to drain wallets remotely, resulting in millions of dollars of ether being stolen. Thankfully, the attack was not automated, which gave the ecosystem time to notice and respond.
The flaw was fixed, but the fix itself created a new bug. This bug allowed a new attacker to issue a kill command to the wallet, freezing all funds. As of the time of writing, over $260 million in ether remains locked. The community is still ...
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