A snafu where a user accidentally deleted some necessary code has locked about 0 million in the cryptocurrency ether into digital wallets hosted by the company Parity Technologies.
Multi-signature digital wallets launched through Parity since July 20 are affected, according to a report at BusinessInsider.com. The wallets usually contain large sums of money as they are often used by startups or by large groups looking to secure money against embezzlement.
According to the report, an unidentified user accidentally deleted the code library required to use recently created digital wallets within Parity. The company posted a security notice on its blog.
The exact amount locked up is unclear, but some cryptocurrency blogs have reported that Parity wallets make up 20 percent of the entire Ethereum network, which powers the ether cryptocurrency. Researchers estimates that about $280 million worth of ether is now inaccessible, including $90 million raised by Parity’s founder, Gavin Wood, according to the report.
