Post
Topic
Board Altcoin Discussion
Re: Someone sent ERC20 from my cold storage
by
vv181
on 06/12/2022, 05:15:44 UTC
This scam is different because it makes it seem like the token transfer came out of your wallet. At first you think your seed is compromised however when you look closer it seems like its some exploit, which it is.

It is not exploit, it is a feature implemented by ETH devs, also copied to BSC. This was created on purpose, Ethereum virtual machine is coded to accept transactions from your wallet without private keys. Absolutely anyone can send any tokens from any wallet, as long it's 0.

It is a bug, not an exploit, for sure it shouldn't be an intended implication of the developer's intent. This also should not be on purpose. Allowing a transaction to be accepted without user consent seriously harms the ecosystem. In the first place, things like this should be considered if they are aware of the current flawed implementation occurrence. Thus it makes no sense if the smart contract developers were allowing this to happen.