QuadrigaCX has lost 14 million dollars in ethers (ETH), due to a technical failure that caused the blockade of the millionaire sum in the tab of the Ethereum platform.
According to the announcement made by the firm established in Vancouver, the error was attributed to a failure in a smart contract to separate the cryptocoins, Ethereum and Ethereum Classic, that entered the portfolio of the exchange house. The contract would have begun to do so by updating the software recently, during the days after May 25.
At the moment, the contract stores 67,317.25 ETH, a figure that according to the prices of the cryptocoin in the market approaches the $ 15 million dollars. In this regard, the exchange house explained the technical aspects of this failure.
The same statement expresses, to the satisfaction of the users and clients of this exchange house, that the incident did not affect in any way the withdrawals of cryptocoins, nor did it stop the exchange, purchase and sale of the same, although they do indicate that it has depleted their funds and savings in a sensible way.
This event represents a new milestone in the development of blockchain technology and the massive adoption of cryptocoins, since it is a technical error, protocol, that has blocked access to a huge amount of money in the software update process of a client.
Being a house of change, it worries even more that this type of mishap can affect the users of the company. Fortunately, this time users were not affected, but it does raise alarms about the possibility of a worst-case event occurring.
Likewise, there is a prevailing need to ensure the effectiveness of intelligent contracts, programmed and automated blockchain addresses to act in a predetermined way when transmitted information.
In this sense, it is necessary that the entire blockchain and cryptocoins community assume that the blockchain development path can be long and somewhat run over. Accidents of this type are likely to continue to occur, hopefully less regularly as the technology and its applications escalate.