Coding Error Locks Users Out of $280m in Ether

Phil Muncaster

Users of popular crypto-currency wallet Parity were left locked out of almost $300m in funds after a user triggered a coding error, it has emerged.

The firm deals in ether — the currency traded on the Ethereum blockchain. A critical security alert on Tuesday explained that the issue came about following a bug in its platform in July, which ended up in the theft of $32m worth of ether from its popular multi-sig wallets.

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