‘Accidentally Killed It’: Parity Grapples With $280 Mln Locked ETH

A user of Ethereum’s Parity wallet “accidentally” quarantined funds worth $280 mln, revealing further vulnerabilities in the platform.

Parity, which has suffered teething problems since its launch by former Ethereum co-founder Gavin Wood, is still trying to regain access to the “frozen” ETH.

“… A user suicided the library-turned-into-wallet, wiping out the library code which in turn rendered all multi-sig contracts unusable since their logic (any state-modifying function) was inside the library,” a security alert from Parity read Tuesday.

In short, the codebase for accessing Parity multi-sig wallets is currently deleted, rendering funds out of reach…

Read Full: ‘Accidentally Killed It’: Parity Grapples With $280 Mln Locked ETH