Exchanges Suspend ERC20 Token Trading Due To Potential BatchOverflow Bug

in blockchain •  7 years ago 

Crypto exchange Poloniex has suspended all ERC-20 (Ethereum-based) token deposits and withdrawals, and HitBTC has initiated an internal inspection that takes deposits and transfers offline, following OKEX’s decision to halt ERC20 deposits earlier today after the discovery of a potential new smart contract bug called batchOverFlow.

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https://cointelegraph.com/news/multiple-exchanges-suspend-erc20-token-trading-due-to-potential-batchoverflow-bug

What is New batchOverflow Bug in Multiple ERC20 Smart Contracts (CVE-2018–10299)?

Built on our earlier efforts in analyzing EOS tokens, we have developed an automated system to scan and analyze Ethereum-based (ERC-20) token transfers. Specifically, our system will automatically send out alerts if any suspicious transactions (e.g., involving unreasonably large tokens) occur.

Read More https://medium.com/@ranimes/alert-new-batchoverflow-bug-in-multiple-erc20-smart-contracts-cve-2018-10299-511067db6536

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