HashEx: "Many vulnerabilities have been found in the smart contracts of the SafeMoon project" – Bits Media

Computer security specialists from HashEx warn users of the decentralized finance project (DeFi) SafeMoon on vulnerabilities in project smart contracts.

Hashex representatives reported, that in Safemoon smart contracts were found Twelve vulnerabilities, three of which can be attributed to vulnerabilities of a high level of danger, and two are completely important. Note, that the number of owners of SaFemoon tokens exceeds 2 million, And the capitalization of the project exceeded $2 billion.

Critical vulnerabilities can allow the attackers to significantly increase the commissions for the exchange of tokens, Thus blocking the translations of Safemoon, or extremely complicate the work of smart contracts. In this case, the four of the found vulnerabilities can be used at the same time, which will greatly increase the damage to the project. For, to completely solve safety problems, It will take a hard fork.

Hashex experts call the main vulnerability then, that the project smart contracts are controlled by an external address. This address is stored by Safemoon tokens on $20 million and, In the case of compromising this wallet, The token course can collapse. At the same time, SaFemoon developers know about the problem and emphasize, that there are no risks of compromise.

Recently, large -scale material has been published on Bits.media, dedicated to the security projects of decentralized financing and ways to protect investor funds.