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RE: Newbie Hacks Ethereum Parity Wallets for $150 Million.

in #ethereum • 7 years ago (edited)

I'm not disagreeing with you about keeping distance to be safe, but I think the word HACK in the title was way misleading since the article itself then goes on to say a Newb "accidentally" deleted the code in question. Hardly a hack, and There was no $150 mil theft as the title also implies. This was big news, the clickbaity title was overkill imho. But still, thanks for sharing it with us!

7 years ago in #ethereum by
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     7 years ago  

    It is a HACK that occurred by accident or on purpose.

    The $150 million is hacked and unusable i never said stole neither does title says the amount that was effected.

    Definition of hacking:

    Hacking is unauthorized intrusion into a computer or a network. The person engaged in hacking activities is generally referred to as a hacker. This hacker may alter system or security features to accomplish a goal that differs from the original purpose of the system.

    Source:techopedia.com

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       7 years ago  

      yea.. thats stretching the word as far as possible i think. Accidental deletion is not a hack in my view. The funds are indeed frozen, and it is indeed possible that there is an actual hack in play here, but the implication from the text is that a user did it, by accident. Thats a flaw in the program code that would allow that to happen "accidentally" by a random new user.

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         7 years ago  

        how is it a stretch of the word?
        access to areas of a system by any means is called a hack.
        luckily it was a new user as a=had this exploit been known somebody with technical knowledge could have used to their benefit.

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           7 years ago  

          You never shut something down, because you knew how, before it hurt people? I can remember many times where I resisted the urge for easy profit, in the name of helping others keep their assets. ;)

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           7 years ago  

          what are you talking about shutting down and what do you refer to in resisting easy profits and helping others

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             7 years ago  

            I agree. As far as I can see (from my limited perspective on the subject) this affects parity wallet users and those who've written code or created tokens using the parity wallet.

            Ethereum? I haven't found any indication Ethereum itself has any issues. Not even in the weirder places on the net. lol

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               7 years ago  
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                 7 years ago  

                This Does Not Affect ETHEREUM

                it only affects tokens which have been created USING the Parity Wallet client. The ethereum which backs the affected tokens is perfectly fine, the ethereum network/blockchain is perfectly fine. The Parity Wallet developers are in pretty hot water right now.

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                   7 years ago  

                  effects $150 million so is not a small problem

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