Published on November 13th, 2017 | by bitcoin0
Parity Offers Solution for $160 Million Frozen Ether Fund
Work continues on a possible way to free up the more than $160 million worth of ether stuck in multi-signature wallets following a dramatic hack last week.
In a new update published today, the Parity software development team said that it is conducting a review of the incident and will be releasing a post-mortem report “in the next few days.”
“We have spent the last few days rigorously examining the events.
The situation raises the specter of The DAO, the ethereum-based funding vehicle that collapsed in the summer of 2016 following a debilitating code exploit.
Unlike that situation, however, the frozen funds aren’t subject to theft by outside entities and, as it stands, remain in their respective accounts.