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Code bug freezes $150m of Ethereum crypto-cash

From BBC - November 9, 2017

More than $150m (115m) of a crypto-currency called Ethereum may have been permanently frozen after a code bug was accidentally triggered.

The bug was in code written by Parity Technologies to create digital wallets holding virtual coins - called Ether.

It let someone hunting for bugs become the joint owner of hundreds of wallets.

However, when the unidentified person tried to reverse their mistake they stopped the original owners of the wallets getting access too.

Find and fix

In a statement, Parity Technologies said all wallets created after 20 July this year were affected by the mistake.

It provided a link to a separate page on which Ether holders could check to see if their wallet was among this vulnerable batch.

Parity expressed regret over the "great deal of stress and confusion" the incident had caused.

It added: "We continue to investigate the situation and are exploring all possible implications and solutions."

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