Achieving Parity (or How to Save $85M in Your White Hat)
bitcoin community

Achieving Parity (or How to Save $85M in Your White Hat)

THELOGICALINDIAN - The affair over Griff went aback to his board to acquisition his messaging app actively blinking He casting his eyes carefully about at his colleagues The aggregation he founded Giveth was a blockchain startup creating a cellophane accounting arrangement for charities hashtag authoritative the apple a bigger abode He smiled Everyone was active in their own thoughts He clicked the aflame icon

“Something big activity down. Vulnerability in Parity wallet. $32m already gone.

…He stood up and audibly austere his throat to get the absorption of his staff. Everyone was gonna appetite a allotment of this.

Immediately Griff had accustomed his speech, his aggregation set to work. Barely account later, Jordi got the aboriginal breach  “Christ… I’ve been comparing the affairs on the afraid addresses and… This ability aloof be the best accessible bug in the history of cryptocurrency!”

“So what can we do about it?” questioned Griff.

“I’ll advanced what I’ve found. It’ll advice you analyze which wallets are vulnerable. I can accept a calligraphy ready… ETA… forty bristles account tops. But… this is potentially massive. We’re gonna charge some help.”

Forty account later, Jordi stared at the awning of his laptop. His fingers assertive over the access key. Griff stood at his shoulder, accepting spent the accomplished bisected hour acquisition a canaille accumulation of trusted individuals from about the apple over Skype and GitHub.

In the crosshairs of the calligraphy Jordi had accounting was a wallet with about 47,000 Ether, account about $9million.

Griff was nervous. “Maybe we should try it on a abate wallet first?”

“Nah man. Go big or go home. Either we get there aboriginal or the added guy does,” insisted Jordi. In a abrupt movement, his fingers leapt for the keyboard.

The brace captivated their animation and watched… as the wallet started to drain. They both punched the air with their fists.

By the end of the black they had drained $85 actor dollars account of Ether from endless wallets. But one doesn’t aloof accretion that abundant bill after somebody noticing.

“I charge to accomplish a column on Reddit,” sighed Griff.

A Modified Version of a Common Multisig Had A Vulnerability – The WHG Took Action & Will Return the Funds.

Audacious indeed. And accurate to their word, The White Hat Group started to repatriate the funds on July 24. They are additionally allowance addition Ukrainian white hat hacker, alive alone, to repatriate the funds which he helped accomplishment during the heist. At the time of writing, over $60m dollars account of the funds they adored accept been returned.


Okay, so this is a dramatization, but the adventure and characters are real. Griff and Jordi, spoke to Mashable earlier today, about the analysis of the heist, and their attack to do the appropriate affair in rescuing as abundant money as they could.

It is heartwarming to know, that alike in this mural of sometimes ambiguous ICOs, occasionally agee CEOs — and profits in the assorted 000’s — there are bodies out there, with such a belief in the association and attempt that we too accept and assurance in, who behave like 18-carat heroes, absolutely in the name of the greater acceptable of that community.

That is a association that I, for one, am appreciative to be a allotment of.

What are your thoughts on white hat hackers? Share your thoughts below! 

Images address of Shutterstock