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cryptofreak

Parity Technologies solves node vulnerability

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On 3rd of February, Parity Technologies (Ethereum Blockchain infrastructure developer) in a blog post revealed that, it faced some security issues and advised nodes to carry out an urgent update.

Parity revealed that it was notified of the loophole that will give attackers easy access to shut down nodes. Officials have a summary of the situation:

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On February 3rd, we received several reports that an attacker can send a specially-crafted RPC request to a public Parity Ethereum node (any version pre 2.2.9-stable and pre 2.3.2-beta) and that node will crash.

 

Parity took to social media to announce that efforts are being made to fix the vulnerability. A tweet read:

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While the vulnerability only directly affects Parity Ethereum nodes that serve JSONRPC as a public service (e.g., Infura, MyEtherWallet/MyCrypto, etc.), we recommend everyone to update their nodes immediately.

 

At the end of 2017, a Parity Ethereum wallet owner out of carelessness, wiped off 513,774.16 ETH (which is approximately $54M). The following April, an Ethereum Improvement Proposal (EIP) submitted to help restore a disabled contract to unlock the funds was turned down.

In January, Parity got a grant worth $5M from the non-profit Ethereum Foundation to help fund the development of Casper, infrastructure and Sharding.

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