There are many valuable lessons to be learned from the recent Parity multisignature bug. It is unacceptable that so many wallets have had funds frozen without a viable solution to undo the damage. More specifically, this issue has persisted for quite some time now, and it seems things are not necessarily improving. As the ARToken team points out, there are some things that will need to change to prevent history from repeating itself.
It is always easy to point the finger at the Parity team for their mistakes. While they are the sole party to blame for not fixing the exploit in time and postponing the fix for no good reason, the technology they have to work with is not without its flaws either. As much as most people would like to think otherwise, the Ethereum protocol and its technological features are a major security risk. Without proper coding and auditing, no money will ever be safe. Criminals know there are weaknesses and they will continue to exploit them for as long as they can.
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