OKEx and Poloniex stopped accepting deposits in ERC-20 tokens due to a vulnerability discovered TSRPAY Follow Apr 30, 2018 · 1 min read

Cryptocurrency exchanges OKEx and Poloniex reported the suspension of deposits in ERC-20 tokens due to the recently discovered vulnerability in smart contracts.

BatchOverFlow bug allows hackers to generate huge volumes of tokens and translate them to normal addresses. A lot of ERC-20 tokens can be subject to price manipulation because of this.

The exchanges decided to suspend deposits in the ERC-20 tokens until the bug is resolved. The exchange also contacted teams of cryptocurrency projects that might be attacked, urging them to check their smart contracts and take the necessary actions to eliminate the bug.

User facilities are safe, representatives of exchanges assure.

TransCrypt recalls the importance of such a criterion as security. Use our wallet for maximum protection of your funds.

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