Propy Resumes its ICO Campaign After Ambisafe Developer Resolves Parity Hack, Saves Millions

· August 18, 2017 · 6:30 am

San Francisco-based company Propy has announced the launch of its PRO token crowdsale. The token sale that began on the 15th of August 2017 follows the presale, at which time a series of Parity attacks occurred causing confusion and concern to everyone on the project. Fortunately, the hacks subsided, mainly due to the company’s choice of Ambisafe multi-sig wallets instead of Parity, which had a bug in them.

[Note: This is a press release.]

The White Hat Group members have recently announced that the bulk of funds saved by them were returned to their owners, including the funds belonging to Propy presale participants.

White Hat Group member and Ambisafe multi-sig wallet (used by Propy token sale) developer Oleksii Matiiasevych was key in assisting the group in rescuing millions of dollars’ worth funds from the Parity attack after finding a system bug within 4 minutes.

Propy is the world’s first global property store with a decentralized title registry stored on the blockchain. The company’s mission is to revolutionize the real estate industry through the development of a platform that implements smart contracts to provide a superior, faster and more cost-effective transactions. The solution will tap into the $340M cross-border market, in which leading Chinese buying properties in the US, and Americans buying properties in Europe, are the leading consumers.