A hacker stole $31M of Ether — how it happened, and what it means for Ethereum

Haseeb Qureshi, freecodecamp, Jul 26, 2017
Commentary by Stephen Downes

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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