Parity, a cryptocurrency wallet provider, said in a security alert Tuesday that it had discovered a "vulnerability" in its wallet that allowed users to change code and become the owners of wallets that didn't belong to them. The company said that one person "suicided" the wallet, deleting its code and freezing all ether tokens contained within.
Users are now unable to move funds out of the wallet. The coding "accident" affects all of Parity's "multisignature wallets" — wallets that require one user to sign another's transaction before it is added to the ethereum blockchain — which were created after July They are popularly used to buy new coins in the controversial practice of "initial coin offerings" ICOs , a method for cryptocurrency start-ups to raise funds.
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