Several crypto exchanges have temporarily suspended ERC20 deposits due to the discovery of an Ethereum smart contract bug.
A Medium post from April 22nd announced the discovery. Labelled as the “batchOverflow” vulnerability, this Ethereum smart contract bug allows hackers to generate a large number of tokens from nothing and then deposit those tokens into a regular Ethereum address.
The initial discovery was of an extremely large transfer of BeautyChain, or BEC, tokens. Two large token transfers were completed, each being deposited into two different addresses. After further analysis of other contracts, the results showed ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
from Crypto Currency News https://ift.tt/2Fhx52X