An altcoin created from token standards that emerged experimentally on Ethereum fell 95% due to the vulnerability.
Miner, the altcoin produced with the experimental ERC-X standard on Ethereum, was disabled due to a bug in the smart contract. 95% experienced a decline. Miner, called ERC-X ERC-20, ERC-721 and ERC-404 It has a structure that combines the features of token standards.
Due to a bug in the altcoin’s experimental smart contract, it allowed users to double their own tokens. While this situation causes problems in supply and price, the price suddenly rises. From $86 to $3.65 caused it to fall. In this process A significant amount of $10 million The sale has arrived.
The developer team made a statement on Twitter: in the statementsaid that this problem will be solved.
Experts after the popularity of the ERC-404 token standard in Ethereum many new attempts He said that tokens implemented without it could be risky. Co-founder of blockchain security firm SlowMist Yu Xian what he did in the statementagain warned against untested standards.