Ethereum wallet company Parity Technologies found a bug in their code that leaves hundreds of thousands in Etherum (millions in USD) exposed to “being deleted”. Read here if you want more on this.
Or, more succinctly:
It’s simple really, imagine walking up to a bank vault and there’s a button that says “Lock Forever”……. someone accidentally pushes it.
— devops199 (@devops199) November 7, 2017
Turns out Parity wallets were hacked in July of ’17, too (see here).
This is what happens when untested technologies are used in “production”.
This is not supportive for Ethereum’s price at a time when Bitcoin is exhibiting dominance and ICO’s are coming under intense scrutiny. It shouldn’t take away from the promising future of the technology.