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Parity Multisig

Nov 9, 2017

$150M
Lost
$150M
Recovered
$0
Net loss
$150M
Unrecovered0% recovered

On November 8, 2017, a user called 'devops199' accidentally exploited a vulnerability in Parity's multi-sig wallet library contract by calling initWallet then kill(), permanently disabling over 500 multi-sig wallets containing approximately 500,000 ETH. The library lacked protection against reinitialization and destruction by non-owners.

How the exploit worked

View reproducible PoC

'Accidentally Killed It'.

Lost: 514k ETH

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Access Control
Technique
Uninitialized Proxy
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Nov 9, 2017
    Exploit executed — $150M drained via uninitialized proxy
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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