In Brief There has been a major breach in the Parity Ethereum client that may have given access to user's digital wallets. An official statement regarding the extent of the security threat is forthcoming. <\/p>\n
Parity the worlds fastest ethereum client just posted an alert on their blog warning of a vulnerability in version 1.5 or later in its wallet software.The alert advises users to immediately move their funds to a secure address. <\/p>\n
Users are scrambling to learn the extent of the breach and if their funds were made vulnerable.Coindeskreportsthat, so far, 150,000 ether (worth $30 million) have been reported to the company as stolen. <\/p>\n
Parity claims to be the most secure way of interacting with the Ethereum network. The project was originally devised by a co-founder of Ethereum,Gavin Wood. <\/p>\n
Decentralized technologies are rapidly emerging as cryptocurrency is increasing in visibility and popularity. Regardless of how much currency was stolen, the optics of such a breach are not good for these emerging technologies. It will be difficult for themto become a new standard if adopters cannot rely on the highly-touted security of the platforms. <\/p>\n
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content. <\/p>\n
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Excerpt from: In Brief There has been a major breach in the Parity Ethereum client that may have given access to user's digital wallets. Continue reading
\nThis Crypto Wallet, Devised by a Co-Founder of Ether, Has a Major Breach - Futurism<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"