Oddbean new post about | logout
 “Web3 project Munchables was drained of an estimated $62.5 million worth of ether on Wednesday after a contract was maliciously manipulated”.

Read the story here https://www.coindesk.com/arc/outboundfeeds/yahoo/nrys8o/?outputType=xml

HERE IS THE PROBLEM:
The attacker manipulated a contract and transferred stored user funds before upgrading the platform’s smart contracts.

The contract has a stored user funds. This is the main problem of all projects that holding members money in the pool for later distribution. 

Centralized projects usually drained very easily by admins themselves, because everything is under admins centralized control.

Decentralized projects much harder to drain, but if there is pool of money it will attract hackers, specially when it’s on Etherium. 99% of all alt coins using Etherium based protocols and most attractive to hackers.

X2 ALWAYS DOES NOT HOLD ANYTHING❗️

The help distributed directly P2P from one member to another. The contract value it’s always ZERO. You can check it on blockchain yourself. 

X2 ALWAYS smart contract not based on Etherium. It’s secured by Bitcoin. Check this video https://rumble.com/v3yr1e1-rootstock-worlds-most-secure-bitcoin-smart-contract-platform.html

X2 ALWAYS it’s truly decentralized and transparent, P2P no KYC. ZERO balance, secured by Bitcoin and access to smart contract is on decentralized Web3. No one controls it. There is no admins, no registration, no email address needed. 

JOIN X2 ALWAYS.

Learn more at https://telegra.ph/X2---ALWAYS-DOUBLE-08-26-2 https://image.nostr.build/d7058dc945aaaed68121716314ef5ad2182ddade0a812fc104e8b8b65addae7c.jpg