Ethereum wallet vulnerability freezes hundreds of millions of dollars

Ethereum is a hugely promising blockchain technology which has really taken off this year, thanks in no small part to the backing of major companies like Microsoft, Intel and Cisco. It is also super valuable as a cryptocurrency, being worth around $28 billion, and a great platform for ICOs (Initial Coin Offerings). So, many startups are now turning to Ethereum to raise money, and the way that they are doing it is through smart contracts. Only problem is, they are not bullet-proof, as a newly-uncovered vulnerability in a popular wallet puts hundreds of millions of dollars at risk. The wallet in question is… [Continue Reading]