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Crypto-Currency Ethereum Wallet Gets Hacked

Following recent crypto-currency news, the popular currency known as Ethereum has been driving up GPU prices and demolishing availability, has been hacked. An estimated 153,000 "Ether" has been stolen, with estimates at a value of 32.6 million US dollars.

"The initWallet function should have been marked internal, but was instead not marked. Unmarked functions default to public in Solidity, so anyone can call that function and reinitialize the wallet to be under their control"

Will this be the down-fall of Ethereum? Will we see a sudden surge of cheap, high end GPU's on the markets? One can only hope!

Read more about the wallet hack here.
 
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I really hope so, i want a cheap rx 480 to replace my r9 290. Also glad i sold my €50 of ethereum 2 weeks ago :P. Wouldve mined more but i wouldnt make much so i turned it off (my mining went from 0.44 eth to 0.3 in a few days).

*i btw didnt buy gpus to mine with, i used the gpu i already have :P
 
SonyUSA said:
Following recent crypto-currency news, the popular currency known as Ethereum has been driving up GPU prices and demolishing availability, has been hacked. An estimated 153,000 "Ether" has been stolen, with estimates at a value of 32.6 million US dollars.

"The initWallet function should have been marked internal, but was instead not marked. Unmarked functions default to public in Solidity, so anyone can call that function and reinitialize the wallet to be under their control"

Will this be the down-fall of Ethereum? Will we see a sudden surge of cheap, high end GPU's on the markets? One can only hope!

Read more about the wallet hack here.
Click to expand...
Thread is a bit misleading.
According to the source, Ethereum wasn't the one that got hacked. The flaw is only in the Parity wallet, which Swarm City happened to be using.
You got me worried there for a bit since I invested a bit of money in Ethereum recently :P
 
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So it was just one wallet site?
Sucks for them but this is the risk and what happens with crypto currencies, and its not the first time its happened and wont be the last...
 
Last edited by Joe88,
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Joe88 said:
So it was just one wallet site?
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Correct, just one wallet site was hacked, Swarm City, not the entire currency as the previous title implied.

Sorry, it's not just one site but a specific wallet function. But regardless, not the cryptocurrency.
 
Last edited by Tom Bombadildo,
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SonyUSA said:
Will we see a sudden surge of cheap, high end GPU's on the markets? One can only hope!
Click to expand...

I certainly hope not. I've been using my gaming computer to mine, so that would simultaneously cause me to lose money from eth AND tank the value of my computer. Not that I was planning to sell it, but the first part's important.
 
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