An estimated $280 million worth of the cryptocurrency ethereum is currently locked up thanks to one person’s mistake.
An unidentified user accidentally locked up recently-created digital wallets within Parity — a popular digital wallet provider — by deleting the code library required to use those wallets, according to a critical security alert posted to Parity Technology’s blog on Tuesday.
The freeze impacts all “multi-sig” wallets created on Parity after July 20.
Multi-sig wallets — short for multiple signature — are especially popular with cryptocurrency startups and other collective groups because they require more than one person to agree before any currency gets moved around. It’s a safeguard against rogue employees who might run off with the cryptocurrencies for their own gain…