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

  • Yuri Molchan
    📰 News

    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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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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