$300m in cryptocurrency accidentally stolen and lost forever due to bug

[umbertino]

 

User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back

 

Alex Hern

Wednesday 8 November 2017 11.29 GMT

 

 

‘We are analysing the situation and will release an update with further details shortly,’ developer Parity told users.

Photograph: Thomas White/Reuters

 

 

 

 

 

 

https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether

[pokerplayer]

Very Interesting,

 

  Thxs Umbertino.

 

   pp

[umbertino]

 

Thanks , PP

[tankdude]

Glad I went with MEW and not Parity.

[new york kevin]

 

What crypto currency was affected by this breach ? Was it in fact Ethereum ? What recourse do you crypto currency holders have to regain your money ? This is yet another reason why I do not like/trust crypto currencies.

[Jim1cor13]

Digital money/currency is much easier to wipe out than hard currency.

 

It will always be at risk in my opinion. I would rather hold hard currency in my hand

than to trust it to an online presence. Digital to me means it can be gone in a twinkle

of an eye although I find digital currency to be interesting and I think it has a future,

but I see many risks.

 

 

[umbertino]

1 minute ago, Jim1cor13 said:

Digital money/currency is much easier to wipe out than hard currency.

 

It will always be at risk in my opinion. I would rather hold hard currency in my hand

than to trust it to an online presence. Digital to me means it can be gone in a twinkle

of an eye although I find digital currency to be interesting and I think it has a future,

but I see many risks.

 

 

 

 

Indeed Jim...

[Muleslayer]

Fiat money is only one step away from crypto currency.

somebody else determines what it’s value of it is.

Gold & Silver for me.

ohh The “the other sister”of  precious metals, lead!

Edited November 9, 2017 by Muleslayer
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