Smart Contract Exploit

Parity Multisig Wallet Hack Resulting in a $34 Million Loss

July 18, 2017
Attack Types: 
Smart Contract Exploit
Entity Types: 
DeFi ,Wallet
Target Entities: 
Parity Technologies

Summary # On July 19, 2017, Parity Technologies fell victim to a wallet hack. A vulnerability was discovered and exploited in the Parity MultiSig Wallet version 1.5+, enabling the attacker to take control over the contracts and drain all their funds. The attack resulted in a loss of 153,037 ETH, equivalent to approximately $34 million from three ( one, two, and three) wallets. Attackers # The attacker’s identity remains unknown. ...