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#31
The New Last-Ditch Effort to Unfreeze a $260 Million Ethereum Fortune.

"The least evil."

That's how one ethereum user described the latest effort to recover $264 million in cryptocurrency lost due to a code fault in a popular ethereum wallet. But while the recovery efforts that have proliferated since the November incident have been so far shunned, a new effort, now documented in code, aims for a simpler and less invasive way to implement the fix.

Stepping back, in November, the code library associated with U.K. startup Parity's multi-sig wallet was deleted by a pseudonymous hacker who "accidentally" exploited a function called "self-destruct." In the fallout, Parity proposed a modification to the ethereum software whereby the self-destruct mechanism would lose its functionality, but the proposal was found to contain significant security risks.

This new proposal, published on April 15 by Parity Technologies communications officer Afri Schoeden, suggests simply restoring the lost wallet library with a version of the code that does not contain a self-destruct function.

Users would be able to regain access to their funds, and on top of that, the new code would protect Parity from similar exploits going forward. As such, the new proposal sends a clear message - when it comes to fund recovery, some developers have no intention of giving up the fight.

"I think simply recovering funds is both more technically sound and more honest than the original proposal to modify the self-destruct opcode," ethereum core developer Nick Johnson told CoinDesk.
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RE: ▁ ▂▐ ▅ ▆ ▇ █ ƛƖƦƊƦƠƤ ƁƠMƁЄƦ █ ▇ ▆ ▅▐ ▂ ▁ more news! - by Airdrop BOMBER - 04-18-2018, 06:30 AM

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