Millions of dollars of Ethereum cryptocurrency frozen due to vulnerability

After Bitcoin, Ethereum is the most popular cryptocurrency today. It has become very fashionable also in its decentralized platform and how it takes the blockchain concept beyond what other virtual currencies have done.

And, as it is fashionable to invest in Ether, it is also fashionable to steal it. In July, a failure in one of the Ether portfolios of the world, Parity Wallet, that can be lost with more than 27 million euros in Ether, and this Once a new failure in the same portfolio has frozen millions of dollars of the cryptocurrency.

Parity Technologies, the company behind parity, unveiled the critical failure today. The vulnerability affects all users with assets in a portfolio with multiple signatures that were created after July 20. That is, right after the fault was fixed for which they lost 30 million dollars that month.

IT IS ESTIMATED THAT 500,000 ETEREUM ARE AT RISK, THE EQUIVALENT TO 150 MILLION DOLLARS

Parity Wallet is one of the best known and most trusted portfolios on the market, by Gavin Wood, co-founder of the same Ethereum.

It is the second critical failure of the portfolio this year, although at the moment there are no reports of Ethereum losses, but the amount of money at risk is huge. Some researchers suggest that they are probably more than 150 million dollars, about 500 thousand ethereum.

After the vulnerability was revealed, the value of Ethereum suffered a fall of 2.26% in value, decreasing from $ 305 per unit to $ 292.