Dear CryptoBots Community,

I would like to tell you about CBTB issue and its resolve.

ERC20 Token

CBTB based on ERC20 token standard. ERC20 defines a set of rules which need to be met in order for a token to be accepted and called an ‘ERC20 Token’. The standard rules apply to all ERC20 Tokens since these rules are required to interact with each other on the Ethereum network. These tokens are blockchain assets that can have value and can be sent and received.

BatchOverflow Exploit

Ethereum smart contract exploit has resulted in the generation of billions of ERC20 tokens. The exploit, termed the batchOverflow exploit, was first observed on the 22nd of April, when 115 octodecillion BEC (Beauty Coin) was created in two transactions. At the time, BEC was trading at $0.32 per token, which makes the total dollar value of the exploit around $3.7 novemdecillion, a truly absurd figure, which is a 1 followed by 60 zeros. The cryptocurrency community at large only became aware of the exploit on the 24th of April, however, when the same exploit was used on the Smart Mesh token to generate over $5 octodecillion USD in tokens. CryptoSlate

The exploit also affected our token, as a result, we suspended CBTB. Now we have created safe CBTB with a new address: 0xfd79c2aa42ab4bfbd7c03c1e6866491172917b32.

We will restore all CBTB tokens that were not generated through this exploit. This process may take a while. Sorry for any inconvenience caused.

CryptoBots.me