Ethereum (ETH) Vulnerability Could Have Led to Exchange Drains, Report Says

A group of researchers has unearthed a critical vulnerability in the Ethereum (ETH) network which could have resulted in massive losses for crypto exchanges. The exploit would have allowed hackers to force exchange desks without a Gas usage limit to spend extremely high fees on transactions. In addition, the vulnerability also allowed attackers to gain massive profits.

Discovered by a group of cryptocurrency researchers, the vulnerability was part of the code for Ethereum-based cryptocurrency GasToken. The exploit only affected exchanges initiating ETH tr…

This article appeared first on Cryptovest

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