A bug inside the code of wallet service Parity has frozen over $150 million in the cryptocurrency Ether.
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The susceptibility affects any Parity wallet deployed after July 20 that uses the “muli-signature” functionality.
This is not the company’s first vulnerability bug.
In July, Parity Technologies was hacked resulting in a loss of $30 million.
Parity Technologies has issued the following statement:
“We are advising users not to deploy any further multi-sig wallets until the issue has been resolved, and to not send any ether to wallets that have been deployed and are in use already.”
“Parity Technologies would like to assure everyone that we are analyzing the situation, and we will release an update with further details shortly,” the memo states.