Introduction Security doesn’t sell. When most people walk into a Best Buy looking for their new laptop, they aren’t looking at the security features offered; instead, they look at the obvious: specs, performance, aesthetics, etc. Because of this lack of focus, many tech companies prefer to worry about
On the 7th of November 2017, a vulnerability was discovered in multi-sig Parity wallet which allowed anyone to essentially gain administrative rights over the smart contract by becoming the owner. Someone subsequently exploited this and executed a locking function on the contract, causing the funds to be locked away forever.