Parity Hack And Impact On Ethereum Blockchain

In November 7, a vulnerability in the Parity wallet contract was found. Parity wallets that were created after July 29 were frozen and hence inaccessible. According to Parity Technologies, a total of 573 wallets have been affected and the total balance is still unknown. This attack on Parity took place 5 months after another similar attack in July 2017. What is surprising is that Parity still has not audited the smart contract even after the first attack in July which is the usually the norm in