One of the most popular cryptocurrencies, Ethereum, has been getting more and more unwanted attention from hackers. For the second time in a span of just three days, hackers have been able to make off with millions of dollars worth of Ethereum.
In this latest theft, the the bad guys exploited a vulnerability in Parity, a digital wallet service where cryptocurrency miners can store their Ethereum. In doing so, the hackers were able to swipe over 153,000 Ether worth approximately $34 million from three separate multi-signature Ethereum wallets, according to the most recent estimates.
Following the latest heist, Parity founder Gavin Wood issued a critical security notice to users.
“A vulnerability in Parity Wallet’s variant of the standard multi-sig contract has been found,” Wood wrote. He goes on to advise users to “immediately move assets contained in the multi-sig wallet to a secure address.”
There are several other examples of thieves stealing large amounts of cryptocurrencies, as Gizmodo points out. Back in June of last year, hackers stole $53 million cryptocurrency from venture capital fund Decentralized Autonomous Organization. And then there was the situation in which $450 million of Bitcoin vanished from trading hub Mt. Gox a few years ago.
