Some $32 million worth of ether cryptocurrency has been stolen by hackers. Ether, a digital currency, resides on the ethereum network and is now a rival to Bitcoin. The monumental theft was carried out due to a bug on a wallet software program.
The hacking into Parity wallet started Tuesday night and continued into Wednesday, July 19. Parity wallet allows users to access to a large number of cryptocurrencies within the ethereum network. The tool had a vulnerability that hackers took advantage of in order to steal 153,000 units of the currency. Three separate accounts in particular were attacked.Read more