Simple question, which are the best practices to safely store money collected by ICOs. I know multisig is an option, but after multisig suicide doesn't sound so good. There are more?
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1 Answer
I'd say multisig wallets are pretty ok. The problem with parity's multisig wallet was not in the contract, but in the procedures they should have followed to safely deploy it.
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would you elaborate "procedures they should have followed"?– Davide CCommented Dec 5, 2017 at 11:32
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1From their post-mortem analysis the fault was in the procedure to follow when deploying such critical component. They didn't have an explicit procedure, and deployment was done ad-hoc. In the rush to fix the previous bug they forgot the critical step of initializing the "library" contract.– Ismael ♦Commented Dec 5, 2017 at 14:25