OKEx Exchange has suspended accepting deposits in ERC-20 tokensOKEx cryptocurrency exchange announced the suspension of accepting deposits in Ethereum tokens of the ERC-20 standard.

OKEx Exchange Suspends Acceptance of ERC-20 Token Deposits

Cryptocurrency exchange OKEx announced the suspension of accepting deposits in Ethereum ERC-20 tokens.



OKEx explained her decision to the recently discovered vulnerability of smart contracts "BatchOverFlow".

“Using a bug, an attacker can generate huge amounts of tokens and deposit them to regular addresses. Because of this, many ERC-20 tokens can be subject to price manipulation, ”writes OKEx.

Earlier it became known that the attackers managed to get 8 Vigintillion BeautyChain tokens (BEC). According to researchers from the Coinmonks community, BeautyChain is not the only project whose smart contract contains a similar vulnerability..

OKEx explained that it disables deposits in ERC-20 tokens until the bug is fixed. The exchange also contacted the cryptocurrency project teams to check their smart contracts and correct them if necessary..

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