Why Is Ethereum Dropping? Parity Wallet Vulnerability Freezes Millions In Tokens

The price of Ethereum tokens suddenly dropped on Tuesday when Parity Technologies, the startup behind a popular cryptocurrency wallet, disclosed a vulnerability that could wipe the wallet’s contents. This isn’t stealing per say, just deleting massive amounts of money. So far there haven’t been any reported losses. Parity froze millions of dollars' worth of Ethereum-based assets as the team scrambles to bolster security.

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