DeFi detective alleges this ‘suspicious’ smart contract code may put dozens o...
“TLDR: they can pull $$ even if the owner is the null address,” writes Zachxbt. According to famed decentralized finance (DeFi) detective Zachxbt, 31 nonfungible token (NFT) projects may be at risk due to “suspicious code.” In a lengthy Twitter thread published Tuesday, the DeFi detective first raised the issue of NFT project Thestarlab, which was allegedly compromised for 197.175 Ether (ETH), worth $580,325 at the time of publication. Zachxbt quoted fellow blockchain investigator MouseDev, who came to the following conclusion after reviewing the code behind Thestarlab: “The smart contract....
Related News
Are smart contract implementations requiring zero human intervention reliable? A thousand years of legal history and the DAO suggest something more than zero is required. Contract Reformation. The DAO (Distributed Autonomous Organization) resembles a smart contract. It deploys source code on a blockchain distributing virtual currency to parties according....
During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild. In the world of defi, users leverage applications that delegate traditional finance concepts like issuing assets, lending, borrowing, trading, and earning interest in a noncustodial manner. Crypto proponents have certainly noticed the creative and sometimes highly....
In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to […]
The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s entire TVL has grown by more than $17 billion. Meanwhile, the two smart contract tokens ethereum and ethereum classic saw their fiat values rise during the last seven days, as the two coins led the pack this week with double-digit gains.
Defi and Smart Contract Crypto Assets Rise Higher in....
Over the last year, the concept of a "smart contract" has received renewed attention in legal and business circles. Advancements in blockchain technology have led some to believe that smart contracts could soon offer alternatives to traditional commercial and financial agreements, with dire results for the legal and financial sectors. While this enthusiasm may be premature, the legal profession nonetheless remains mostly unaware of this important emerging technology and the long-term implications for their profession. In this context, "smart contract"....