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Ethereum Just Escaped Massive Hacker Attack, Parity Technologies Urges All Nodes to Install Upgrade

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Tue, 02/05/2019 - 11:36
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Yuri Molchan
Parity Technologies removed a big vulnerability, nodes required to upgrade ASAP
Ethereum Just Escaped Massive Hacker Attack, Parity Technologies Urges All Nodes to Install Upgrade
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Parity Technologies’ recent report shows that over 5,000 Ethereum-run devices were in danger of a heavy malicious attack – the company announced the news on Twitter a short while ago.

Ethereum network gets into danger

Recently, Parity Technologies received reports that starting in December 2018, hackers began a massive scanning of the Ethereum network in search of any serious vulnerabilities. They found one, jeopardizing around 5,000 devices.

Parity is a popular Ethereum-based platform, and over a year ago it had already suffered from difficulties which resulted in a big loss of funds – around 514,000 ETH was put in quarantine. The measure that would enable unfreezing the funds was turned down during voting in April 2018.

The present situation became clear on Feb. 3, when the company received several warning notifications.

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Massive ETH node collapse avoided

It took Parity several hours to create a patch to eliminate the bugs. However, ETH nodes were still working on the unprotected software versions. The Parity team urged all nodes to install the upgraded software version as soon as possible.

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Among the affected platforms are those running on JSONRPC: MyEtherWallet, MyCrypto, and Infura

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.