After the hacker noticed the issue in the contract code, he or she started creating a chain of fake accounts before finally making a fake account, crate_collateral_tokens. In a nutshell, because of a flaw in Cashio's code that did not establish a root of trust for all accounts used, the attacker was able to steal at least $50Recently, PeckShield blockchain security firm shared a number of warnings to protect owners and users based on Binance Smart Chain.
The most common reason behind almost every exploit is a flawed code in the smart contracts of the projects, including SafeMath issues.
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