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A comment on 153k Ether Stolen in Parity Multi-Sig Attack. Parent comment

Re:153k Ether Stolen in Parity Multi-Sig Attack by mpeg on Thursday July 20, 2017 @05:29AM (#14811068)
It runs on a distributed cloud VM actually (Ethereum).

So the rule applies: don't trust online services with your money, especially if you didn't write the code.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by 5chdn on Saturday July 22, 2017 @08:34AM (#14826874)
Parity does not run on the EVM, it's a local node processing a local copy of the blockchain. You can create normal accounts which are just private/public keypairs you have full control of without anything "being in the cloud" or "distributed". What you are referring to might be the vulnerable multi-signature wallet itself, which - once deployed - runs on the EVM. And that only affects a fraction of Parity users.

Note, I work for Parity.

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