From my understanding, all I know is that ether got locked up in parity and there's no way to get it out. I'm not familar with parity, as I just use myetherwallet to store ether.

  • Isn't parity just a node software like bitcoin core? Or is it a wallet?
  • If its a smart contract that lives in the blockchain, isn't it immutable where it cannot be deleted?
  • How did this bug get overlooked during a code audit? Assuming it was a simple bug that a newbie coder found and screwed up.
  • What are some solutions to resolve this similar problem down the line?