luke

UPDATED to include twitter thread from @dguido providing context on the "Finding The Greedy, Prodigal, and Suicidal Contracts at Scale" paper and we also added a mention of Shopify's 2017 Bug bounty results. 

Friday, February 23

TOP STORY

  • Smart contracts—stateful executable objects hosted on blockchains like Ethereum—carry billions of dollars worth of coins and cannot be updated once deployed. New paper by UK and Singapore based researchers presents a systematic characterization of a class of trace vulnerabilities, including 34,200 buggy smart contracts on Ethereum but Dan Guido has serious questions on the evaluation of their results - see his tweet thread and read Motherboard's writeup.

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Toyota, Adobe, U.S. Department of Defense, Yahoo!, Uber, WordPress and more all resolved reports in the past 24-hours and Google Play awarded a $5,000 bonus.

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After analyzing nearly one million smart contracts, the researchers found 34,200 that were critically vulnerable... On a subset of roughly 3,000 contracts, the team was able to verify and reproduce the flagged vulnerabilities with an 89 percent success rate.

Motherboard

 


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