The Akutar Fiasco

BlockchainGandalf

English - April 25, 2022 07:38 - 6 minutes - 6.21 MB
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We are starting to see more NFT projects losing significant sums of money - this used to be the preserve of DeFi protocols.

A few days ago a project called "Akutars" managed to inadvertently lock up over 11,000 ETH, worth about $34 million in fiat prices.

There are plenty of analyses as to exactly what went wrong in the code to cause this, so in this video I take a one-level-up view and look at the red flags visible in the code that should have suggested there might be a problem.

This is more useful to future smart contract developers than a line-by-line level analysis which would only apply specifically to the Akutar contract.