More good news for ERC20 tokens... NOT! :laughing:


Hong Kong-based OKEX, the third largest cryptocurrency exchange in the world by trade volume, suspended all ERC20 token deposits April 25 after the discovery of what developers say is a “new smart contract bug.”

In a blog post, the exchange confirmed that the bug, called BatchOverFlow, was allowing malicious parties to “generate an extremely large amount of tokens, and deposit them into a normal address.”

“This makes many of the ERC-20 tokens vulnerable to price manipulations of the attackers,” they warn.

Source: https://cointelegraph.com/news/okex-halts-erc20-deposits-following-discovery-of-critical-ethereum-smart-contract-bug