Parity Technologies

Parity Multisig Wallet Bug Locks 513k ETH

November 6, 2017
Attack Types: 
Smart Contract Exploit
Entity Types: 
DeFi ,Wallet
Target Entities: 
Parity Technologies

Summary # On November 6, 2017, a user named devops199 accidentally triggered a sequence of actions that led to the compromise of the Parity Multisig WalletLibrary contract. By mistakenly executing the initWallet function followed by the kill function, the WalletLibrary contract was removed from the blockchain. As a result, approximately 513k ETH became locked and inaccessible in the affected contracts. The funds were not stolen but remained frozen, highlighting the need for better security measures in decentralized applications and smart contracts. ...

Parity Multisig Wallet Hack Resulting in a $34 Million Loss

July 18, 2017
Attack Types: 
Smart Contract Exploit
Entity Types: 
DeFi ,Wallet
Target Entities: 
Parity Technologies

Summary # On July 19, 2017, Parity Technologies fell victim to a wallet hack. A vulnerability was discovered and exploited in the Parity MultiSig Wallet version 1.5+, enabling the attacker to take control over the contracts and drain all their funds. The attack resulted in a loss of 153,037 ETH, equivalent to approximately $34 million from three ( one, two, and three) wallets. Attackers # The attacker’s identity remains unknown. ...