Earlier today we saw the exploitation of a liquidity pool on Uniswap for a wrapped version of Bitcoin created by imToken and the Tokelon DEX. The hacker utilized an attack vector on ERC777 tokens on Uniswap. The exploit allowed the attacker to drain roughly $300k worth of value due to a reentrancy attack which allowed funds to be drained in a similar fashion to what happened with The DAO back in 2016. The vulnerability was described 16mths ago but Uniswap failed to act on it. This is the 3rd time a liquidity pool has been drained on Uniswap in just a couple of months.
Uniswap HACKED again. $300K Stolen
Carson Nelson
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Nathaniel Martin
Fucking shit why does Israel do this
Anthony Roberts
this shit again?
Brandon Morris
defi is just one big fucking scam and no one needs it.
Jason Ramirez
Oracle fail you heard it here first
Mason Edwards
Ethereum's defi is a fucking joke and MASSIVE bubble. This shit is more dangerous than ICOs and will crash so fucking hard soon
Connor Johnson
Stakenet DEX can’t get here soon enough
Isaiah Morales
the absolute state
if you fucking pajeets stopped making meme coins that don't conform to the standards this literally would not happen.... stop buying fucking shitcoins
Brandon Perez
yeah a $300k exploit in a ERC777 it's all over, sell sell sell etc.
Andrew Walker
cope. solidity is trash, vitalik is to blame
Christian Barnes
This
Jayden Roberts
heh...
Ayden Phillips
uniswap is for erc20 not 777
Lincoln Stewart
I would love to see uniswap bend the knee.
Liam Peterson
This was inevitable. Uniswap is plagued with scam tokens claiming affiliation with popular DeFi projects. I literally nearly bought fake tokens that appeared to be official tokens from Curve Finance, 1inchExchange, Tornado.Cash, and dYdX. Isn't there some sort of way to vet these scam tokens? Why doesn't Uniswap do anything about it? I'm sure there many other brainlets like myself who are buying or even staking in these Uniswap scam token pools.
Carter Gutierrez
Chainlink will unironically kickstart the next bull run. Look at how many DeFi products are relying on the tech to either solve exploits or create new offerings
AMPL
BZRX
BNT
LRC
SNX
AAVE
And I'm sure I'm missing some
Landon Scott
A bunch of shitcoins all backed by the same people partnering together sucking each other’s centralized cocks and dumping on you. You deserve to stay poor fucking idiot
Easton Wood
>Isn't there some sort of way to vet these scam tokens?
I'm glad you asked!
Ethan Jones
none of those hold real value, if you're in profit then exit before they crash
Isaiah Nguyen
Lads
Ive only ever used coinbase, im trying to expand my horizons
What are you using and what are the charges?
Andrew Williams
it's been explained over and over that erc777 tokens are not to be used on uniswap
Dominic Harris
is Realitio using the fuckin steam logo?
Jacob Bell
>none of those hold real value
you should actually try DYOR instead of just being a pouting BTC maxi.
Bentley Sanders
Bancor had a major hack in the past month or two as well???
Easton Gutierrez
It's called etherscan and finding the token contracts yourself... If you don't know how to do this don't use Uniswap in the first place. Stick to Coinbase
Jacob Hernandez
KEK
Cameron Foster
Are you BTC maximalists? Not trying to call you out, just genuinely curious to know who would have such an opinion
Joshua Rivera
>major hack
the team found a vulnerability and ran it themselves.
Tyler Green
>Bancor had a major hack in the past month or two as well???
Aiden Flores
strat/stonks
Robert Cox
This article is from 3 months ago, lmao.
Grayson Bell
and yet it happens due to piss poor incompetent design. ETH is a pathetic toy
Jace Foster
Spaghetti code. Cardano is going to slaughter ETH.
In before
"ETH2.0 STOOOOPID"
Liam Scott
And Tezos will slaughter Cardano, and Hedera will slaughter Tezos, and Polkadot will slaughter Hedera, and Avalanche will slaughter Polkadot, and the next layer one flavour of the month will slaughter Avalanche, and so on ad infinitum.
Gavin Watson
Your retarded. They just said it was a reentrancy attack. This is when A calls B and B calls A before returning back to A.