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:

Parity Technologies Logo

“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.

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