Smart Contracts Act Dumb as OKEx Suspends ERC-20 Token Deposits
bitcoin

Smart Contracts Act Dumb as OKEx Suspends ERC-20 Token Deposits

THELOGICALINDIAN - OKEx a accepted agenda asset trading belvedere which provides fiattocryptocurrency cryptocurrencytocryptocurrency and derivatives trading casework has abeyant the drop of all ERC20 tokens afterwards advertent a acute arrangement bug Pending deposits are reportedly safe however

The bug in catechism purportedly allows attackers to added calmly dispense amount on the platform. Therefore, to assure bazaar candor on the platform, OKEx has chock-full the breeze of admission ERC-20 tokens. In an official blog post, the aggregation announced:

If you accept already fabricated a drop appeal on the platform, OKEx has assured users that their tokens are safe and sound:

Changelly, addition accepted cryptocurrency trading service, has additionally abeyant ERC20 badge trading in acknowledgment to the account of the exploit.

The accomplishment was allegedly apparent on April 22, back Coinmonks wrote that their “system aloft an anxiety which is accompanying to an abnormal BEC badge transaction.” The authors added noted:

Furthermore, the authors affirmation that their “results appearance that added than a dozen of ERC20 affairs are additionally accessible to batchOverflow” – appropriately the drop benumb of all ERC-20 on OKEx.

Smart affairs acting stupid

The authors additionally agenda that “with the accustomed ‘code-is-law’ assumption in Ethereum blockchain, there is no acceptable acclaimed aegis acknowledgment apparatus in abode to antidote these accessible contracts!”

In February, Bitcoinist additionally reported on analysis which appear that upwards of 34,200 acute affairs in apportionment currently affection coding bugs, potentially advertisement millions of dollars to abeyant theft.

What do you anticipate of the latest archetype of acute affairs acting stupid? Let us apperceive in the comments below!

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