Post
Topic
Board Altcoin Discussion
Re: Binance smart chain and 0 dollars transactions attack
by
vv181
on 02/12/2022, 13:38:06 UTC
Interesting and out of mind!

The smart contract token implementation should not make this scenario possible, it is faulty at its finest. Logically, on the first hand, a system should not allow any transactions that is solely based on balance checking as mentioned on the StackExchange:

if balance - amountToTransfer is not negative then allow it and 0 - 0 is not negative

This means

    Account A can send 0 tokens to account B. even if account A has 0 tokens
    Account C can send 0 tokens from any Account to any other Account even without approval.

I lost by this vulnerability 100000 dollars.
https://bitcointalk.org/index.php?topic=5425022.0

I wonder whether it is the norm to use the last withdrawal transaction address from your wallet. Because beforehand, I could not think of any users who do that. Nevertheless, alas! you are the one who gets scammed because of this faulty mechanism.