Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year
news.bitcoin.com
by Kai Sedgwick
February 13, 2018
Excerpt:
Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are to blame for losses that have reached half a billion dollars in the last seven months.
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