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3232ProxyOverflow Exploit Affecting ERC20 Tokens Highlights Need for Smart Contract Auditing
https://www.digit.info/proxyoverflow-exploit-affecting-erc20-tokens-highlights-need-for-smart-contract-auditing/
Sat, 28 Apr 2018 14:00:05 +0000https://www.digit.info/2018/04/28/proxyoverflow-exploit-affecting-erc20-tokens-highlights-need-for-smart-contract-auditing/Read more]]>There is a lot of speculation regarding an exploit abused by some ERC20 token creators. Various assets have had their total supplies artificially inflated due to a proxyOverflow bug in the original ERC20 creation smart contract for those tokens. This has caused a fair amount of problems already, and it only further highlights the immaturity of this technology in general. The proxyOverflow bug That Causes Major Havoc It was only a matter of time before someone found a way to successfully abuse smart contract technology for financial gain. Few people will be surprised to learn those efforts mainly originate from newly created
There is a lot of speculation regarding an exploit abused by some ERC20 token creators. Various assets have had their total supplies artificially inflated due to a proxyOverflow bug in the original ERC20 creation smart contract for those tokens. This has caused a fair amount of problems already, and it only further highlights the immaturity of this technology in general. The proxyOverflow bug That Causes Major Havoc It was only a matter of time before someone found a way to successfully abuse smart contract technology for financial gain. Few people will be surprised to learn those efforts mainly originate from newly created