- Last week, a mistake by a novice hacker led to customers of Parity being unable to access the ether they had stored in their digital wallets.
- Initially, some researchers estimated that as much as $280 million worth of ether could be locked up.
- Parity now say that the official amount that’s frozen is worth around $162 million.
- The company is considering a technique that would essentially unwind the Ethereum blockchain to unfreeze the wallets.
A novice hacker’s goof that last week locked some consumers out of being able to access their stores of ether, a cryptocurrency, wasn’t as bad as initially feared.
Some 587 digital wallets have been frozen since November 6 when an unidentified user accidentally deleted the code library required to use recently-created wallets within Parity Technologies, a popular provider of them.
An official audit by Parity found exactly 513,774.16 ether was frozen as a result of the deleted code, the company said Monday. That amount of ether was worth around $162 million at press time. Some 573 wallet holders were affected by the frozen cryptocurrency.
That may not sound good, but researchers initially estimated the problem was much worse, potentially affecting as much as $280 million worth of ether. Early on, though, Parity disputed those estimates.
“This is a learning opportunity (albeit a painful one) for our company, for our collaborators and the community that stands with us,” the company said in a statement. It continued: “Moving forward we will … work together with the community to make core infrastructure more secure.”
Even though the problem wasn’t as bad as feared, some companies and individuals were hit hard. Cappasity, a startup, was using its Parity wallet for fundraising when it was frozen. The company has 3,264 ether — around $1 million worth — locked up, <a target="_blank" rel="nofollow" Read More Here