Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs.

[singlebit]

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.



https://news.bitcoin.com/bad-code-has-lost-500-million-of-cryptocurrency-in-under-a-year/

“finding contracts that either lock funds indefinitely, leak them carelessly to arbitrary users, or can be killed by anyone”.
The most notorious case was the Parity bug which led to $168 million of ether being rendered permanently inaccessible.
If we think in a given time all that we have holds of many token that have bad code was appear on this issues?What should we do

[BitcoinGuruOne]

Yeah, this is huge problem. Many exchanges and smart contracts are low hanging fruit for hackers. Last year Parity wallet holding 300 million  was destroyed:
https://twitter.com/devops199/status/927912053297303552

[MoonIsBlue]

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.



https://news.bitcoin.com/bad-code-has-lost-500-million-of-cryptocurrency-in-under-a-year/

“finding contracts that either lock funds indefinitely, leak them carelessly to arbitrary users, or can be killed by anyone”.
The most notorious case was the Parity bug which led to $168 million of ether being rendered permanently inaccessible.
If we think in a given time all that we have holds of many token that have bad code was appear on this issues?What should we do

Do they also state reasons for this such as difficulty writing with solidity?

[RDNX]

Wow! This is insane. How come? Is this error purely from the smart contract dev? Or from Ethereum side?
Hopefully my token wasn't one of them.

[JuniAiko]

I think this is one of the many big issues that Cardano is trying to re-solve.

The code for Cardano is built from the ground up such that bugs can be mathematically "discovered" and weeded out.

[Crypington]

Isn't this basically what happened with the infamous DAO hack that spawned ethereum classic?  Bad contract code?  It does not surprise that it is still going on, all these ERC20 ico, airdrops, and bounties ... It seems like people are rushing to get their ideas out there and perhaps not paying attention to detail.

[bitcoinpositive]

Special Selling Offer:

http://bitcoinpositive.org//

Special sell is Live, with big Bonus.
Buy BCP Now & Get Up to 100% Bonus.
Time & Stock is very Limited.

See the Bonus Structure Here:


Group      Amount            Bonus   
                     
                     
1      10 - 500            20%   
                     
                     
2      501 - 1000            40%   
                     
                     
3      1001 - 2000            60%   
                     
                     
4      2001 - 5000            80%   
                     
                     
5      5001 to More            100%