News for hackers. Stuff that matters.

A comment on SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon. Parent comment

Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by DanHulton on Monday June 28, 2021 @03:29PM (#27666647)
Yeah, the classic example is the original binary search algorithm. It had an overflow bug that went undetected for two decades: https://thebittheories.com/the-curious-case-of-binary-search...

It's an incredibly simple algorithm and still got missed. Smart contracts have no chance.

[ Parent | on HN ]
Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by notJim on Monday June 28, 2021 @04:40PM (#27667778)
How often was that bug actually hit in production? How many people are allocating arrays of size 2*31? A bug is less likely to be caught if it's not exploitable.
[ Parent | on HN ]
Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by seibelj on Monday June 28, 2021 @03:33PM (#27666719)
There was not $Billions to be paid out for finding that - it's a matter of incentives.
[ Parent | on HN ]
Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by Retric on Monday June 28, 2021 @05:17PM (#27668272)
Not every way to break a smart contract results in a major payout.
[ Parent | on HN ]