RATE Group | CEO Airswap says – It is manipulation-proof as it works on Ethereum [ETH]'s blockchain
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CEO Airswap says – It is manipulation-proof as it works on Ethereum [ETH]'s blockchain

26 Apr CEO Airswap says – It is manipulation-proof as it works on Ethereum [ETH]'s blockchain

Posted at 18:18h in Ethereum News by

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World’s third largest exchange platform, OKEx declared that they suspended all ERC20 token deposit over a bug in the smart contracts system. The bug in question allows for the generation of a large number of tokens. It is called “BatchOverFlow”.

In a blog post earlier today, OKEx announced that the bug would make ERC20 tokens vulnerable to price manipulation.

They went on to say that:

“We have contacted the affected token teams to conduct investigation and take necessary measures to prevent the attack.”

The Twitter public was left in confusion after the announcement with user TomoHelan asking:

“Are other exchanges affected?”

ERC20 is a significant token standard for the Ethereum blockchain, developed in 2016. It defines a common list of standards for every token on the Ethereum platform to follow. This allows developers of the blockchain to accurately predict the nature of future tokens on the platform, reducing the amount of work done.

OKEx, on their…

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