Re:White hat hacker awarded $2M for fixing ETH-creation bug
by londons_explore on Sunday February 13, 2022 @12:29PM
(#30323514)
Or until someone notices...
All the balances and stuff are public on the blockchain. It only takes one person to write a script to verify that the locked up amount matches the number of tokens out there. and when it doesn't, alert.
That then means any attacker will have to be very quick with their theft, and if so, there is still a good chance whatever coins they get will end up blacklisted or the transactions reversed by a sufficiently large army of upset users who fork the eth network or the L2 network.
All the balances and stuff are public on the blockchain. It only takes one person to write a script to verify that the locked up amount matches the number of tokens out there. and when it doesn't, alert.
That then means any attacker will have to be very quick with their theft, and if so, there is still a good chance whatever coins they get will end up blacklisted or the transactions reversed by a sufficiently large army of upset users who fork the eth network or the L2 network.