Content-type: text/html Downes.ca ~ Stephen's Web ~ A hacker stole $31M of Ether — how it happened, and what it means for Ethereum

Stephen Downes

Knowledge, Learning, Community

Hackers robbed Ethereum of $31 million of Ether. "They found a programmer-introduced bug in the code that let them re-initialize the wallet, almost like restoring it to factory settings. Once they did that, they were free to set themselves as the new owners." Eter is crypto-currency, like Bicoin, but Ethereum uses this concept to allow people to create contracts, and it was one of these contracts that was hacked.

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Stephen Downes Stephen Downes, Casselman, Canada
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Last Updated: Dec 11, 2024 11:34 p.m.

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