Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs – Bitcoin News

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Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs – Bitcoin News
Over 34,000 ethereum smart contracts containing $4.4 million in ETH may be vulnerable to exploitation. That’s the conclusion reached by a quintet of researchers hailing from Singapore and the UK. Their technical report, which is currently undergoing peer review, suggests that millions of dollars in ether may be at risk from poorly coded smart contracts that contain a variety of bugs. Also read: Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year Smart Contracts Are Only as Smart as Their Creator “Finding The Greedy, Prodigal, and Suicidal Contracts at Scale” is the provocative title of a research paper submitted by British and Singaporean students last week. Its authors have dived deep into ethereum smart contracts, “finding contracts that either lock funds indefinitely, leak them carelessly to arbitrary users, or can be killed by anyone”. This latter flaw is precisely what happened to Parity last November. The dangers of relying on smart contracts that have not been indep…

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Lawyer, Believer, Idea Agent, Database Wrangler, Human Casserole. I want to see your peacock.

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