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Has TronBank Dapp Attack Open Doors to Tron Dapps Vulnerabilities?

Tron has been growing its Dapp ecosystem at a really great speed and has been boasting about its agility, non-congested network, and security. But this statement is slowly falling apart as Tron’s Dapp TronBank recently got targeted with fake coins. Now the question lies ahead has this attack open doors to vulnerabilities in Tron’s dapp ecosystem.

TRON DApps May Become A New Target for Hackers feels Beosin security team

On April 10, 2019, TRON DApp TronBank was targeted by fake coins and nearly 170 million BTT tokens were stolen. The attacker created fake coins called BTTx to initiate “Invest” function to the contract, and the contract did not determine whether the sender’s token ID was consistent with real BTT ID 1002000.

While the attack came as a shock to many, security firm SlowMist released a tweet explaining how the vulnerabilities of TRC 10 token standard was exploited.

Slowmist concluded that the TronBank contract was could not judge msg.tokenid , which is the tag value in…

Read Full Story : Coingape

2019-04-12 16:15:39

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