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crypto-security-vulnerabilities
The chapter illustrates various security risks in cryptocurrency platforms, including phishing, exploits, and smart contract bugs.
1 chapter across 1 book
The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze (2022)Laura Shin
Chapter 11
Chapter 11 details a critical security vulnerability in the Parity multisig wallet library that led to the loss and subsequent partial recovery of millions of dollars worth of Ethereum. It highlights the community's rapid response to the bug, including the White Hat Group's intervention to return stolen funds, and discusses broader issues of security, regulatory scrutiny, and the human dynamics within the cryptocurrency ecosystem. The chapter also touches on the challenges of trust, the role of key individuals, and the impact of external geopolitical factors on the crypto community.