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<a href="/news/parity-bug-could-have-been-fixed" title="Parity bug could have been fixed!">Parity bug could have been fixed!</a>
Posted on: 17 Nov 2017 

Posted By: ITWiser Webmaster

Parity bug could have been fixed!


It’s been reported that the alt-coin software maker Parity posted about the recent bug that froze millions of dollars. The firm has admitted that it knew about the flaw for months they claim they hadn’t got round to patching it.

Last week the users of Parity’s multi-signature wallets were locked out of their accounts, all the funds within the accounts were frozen. The wallets themselves require more than one person to authorise a transaction to prevent theft, this freeze only affects accounts that were created on or after 20th July 2017.

It was said that as much as $280m of Ethereum had been permanently trapped in the wallets however this was later amended to $169m.

ITWiser offer a wide range of services and solutions that can help prevent issues like this from affecting you and your business. We offer internal security audits and external security audits, these audits are designed to highlight issues inside and outside your network. For more information on these or on any of our other services please get in touch today.

The Register