Crypto 101: Smart Contract Risks
In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum then addressed the issue with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC).
If the code is changed after an audit, or the version actually deployed differs from the audited version, the audit findings may not fully apply.
I didn’t understand this back then, and the losses I took could have bought me bubble tea for several months.
The Ethereum chain where $ETH resides is one of the earliest public blockchains to support general-purpose smart contracts. Currently 2509.08.
#ETH
In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum then addressed the issue with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC).
If the code is changed after an audit, or the version actually deployed differs from the audited version, the audit findings may not fully apply.
I didn’t understand this back then, and the losses I took could have bought me bubble tea for several months.
The Ethereum chain where $ETH resides is one of the earliest public blockchains to support general-purpose smart contracts. Currently 2509.08.
#ETH