Parity Wallet Hacker Moves $9 Million in Ethereum, $246 Million Still Under Control

Home/Crypto Live News/Parity Wallet Hacker Moves $9 Million in Ethereum, $246 Million Still Under Control

Crypto Live News

Author: Qadir AK

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

May 13, 2024 22:40

Cyver Alerts took to X, highlighting the Parity wallet hacker moved 3050 ETH worth $9 million through the eXch platform. The vulnerability in Parity’s Multisig Wallet version 1.5+ allowed the perpetrator to get away with a staggering amount of Ethereum, causing substantial financial losses. With 83,017 ETH, valued at a staggering $246.6 million, remaining untouched at the primary address, the hacker retains a sizeable sum in control. The recent activity reignites discussions on security measures in crypto space and threats in blockchain platforms. 

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/crypto-live-news/parity-wallet-hacker-moves-9-million-in-ethereum-246-million-still-under-control/