TheMerkle
2018-04-28 14:00:05

ProxyOverflow Exploit Affecting ERC20 Tokens Highlights Need for Smart Contract Auditing

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