Earlier today, Parity Technologies, the company behind the popular Ethereum Parity Wallet, issued an announcement to inform users that multi-sig wallets created after July 20 are experiencing a severe vulnerability that makes it impossible to move funds out of affected wallets.
The bug has practically left a slew of cryptocurrency enthusiasts locked out of their wallets and unable to move their funds to alternative accounts.
What is particularly troublesome is that today’s glitch stems from a software update Parity rolled out a couple of months back in order to fix another bug, which costseveral ICO projects $30 million in stolen Ether coins.
According to Parity, the vulnerability was triggered by a regular user who attempted to exploit a flaw in the source code, accidentally removing crucial library code in the process.
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