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

Yesterday, a hacker pulled off the second biggest heist in the history of digital currencies.

Around 12:00 PST, an unknown attacker exploited a critical flaw in the Parity multi-signature wallet on the Ethereum network, draining three massive wallets of over $31,000,000 worth of Ether in a matter of minutes. Given a couple more hours, the hacker could’ve made off with over $180,000,000 from vulnerable wallets.

But someone stopped them…