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On Tuesday, Parity confessed all of its multi-signature Ethereum wallets — which each require multiple people to sign-off transactions — created since July 20 were "accidentally" frozen, quite possibly permanently locking folks out of their cyber-cash collections.
The wallet developer blamed a single user who, apparently, inadvertently triggered a software flaw that brought the shutters down on roughly 70 crypto-purses worldwide.
That user, known as devops on GitHub although has since deleted their account, claimed they created a buggy wallet and tried to delete it. Cappasity amassed the Ethereum from punters buying ARtokens, which can be exchanged for designs when the souk launches later this year.
The biz still has access to the Bitcoins it received for ARtokens. Now Cappasity has alleged the wallet freeze was no accident: Therefore, we tend to think that it was not an accident. We suppose that this was a deliberate hacking. We believe that if the situation is not successfully resolved in the nearest future, contacting law enforcement agencies may be the right next step.
This rather gives a lie to the idea that this was a one-off accident. Instead it looks as though devops was deliberately trying to break the multi-sig system and took a number of tries to do so. While the Ethereum in the wallets is untouched, it's simply not accessible. Parity has yet to issue an update on its progress to recover the currency, and did not reply to requests for comment today. That's not making customers like Cappasity very happy.
If someone calls the cops on this, quite how the police would handle the case is unclear, given the current levels of tech cluelessness displayed by law enforcement on matters technical. Minds Mastering Machines - Call for papers now open. The Register - Independent news and views for the tech community. Part of Situation Publishing.
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All businesses have different IT requirements, so the cloud should never be a one-size-fits-all proposition. Hadoop's promise is that it provides a versatile and extensible analytic platform that uses commodity hardware and open source innovation to deliver economies of scale.
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