A number of exchanges have temporarily suspended token deposits and withdrawals of ERC20 tokens. According to news at Coin Telegraph, a previously unknown vulnerability was identified by Medium user ranimes. This bug could potentially allow for price manipulation.

Why suspend?

A potential vulnerability in smart contracts has been unearthed. Known as batchOverflow, it affects only smart contracts that contain the batchTransfer functionality. This is a non-standard functionality and will only affect contracts where the owner has specifically chosen to implement the function.

MEDIA Protocol is safe from this issue. How?

Implementing batch transfers is optional and is not a feature included in MEDIA Protocol smart contracts.

They cannot be vulnerable in a function they do not contain or perform.

In addition, every operation or transaction in a smart contract is written using the SafeMath library, protecting from any known vulnerabilities. This was also checked for in the audit process, ensuring that the smart contracts owned by MEDIA Protocol are all safe.

What happens now?

The exchanges will conduct their respective investigations and the other users who do have this vulnerability in their smart contracts have been contacted in order to remedy it.

Meanwhile, MEDIA Tokens remain safe and unaffected by this ongoing situation.

Secure. Transparent. Trustworthy.

For more information regarding MEDIA Protocol find us on our social channels below:

Website: www.mediaprotocol.org

Facebook: https://www.facebook.com/MEDIAProtocol

Twitter: https://twitter.com/MEDIA_Protocol

LinkedIn: https://www.linkedin.com/company/media-protocol/

Telegram: https://t.me/Media_Protocol_Community and https://t.me/MP_Announcements

Medium: https://medium.com/@mediaprotocolsm

YouTube: https://www.youtube.com/channel/UCMqo01fh4wST0XYck_zPHeA