May 21, 2019
Hot Topics:

Bad Coding Leaves 34,200 Ethereum Smart Contracts Vulnerable to Exploit

  • February 23, 2018
  • By Developer.com Staff

A new crop of security vulnerabilities is highlighting the potential downside to blockchain and Ethereum-based smart contracts. Researchers from universities in Singapore and the UK have discovered new coding bugs that leave 34,200 smart contracts open to exploit. They created and used a tool called MAIAN to find the coding flaws, and testing revealed that 89 percent of smart contracts with the flaws could be exploited, leaving more than $6 million open to theft.

Other security researchers said that cybercriminals were able to steal $225 million of the supposedly secure Ethereum in 2017.

View article

Comment and Contribute


(Maximum characters: 1200). You have characters left.



Enterprise Development Update

Don't miss an article. Subscribe to our newsletter below.

Thanks for your registration, follow us on our social networks to keep up-to-date