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The Akutar Fiasco
Manage episode 326543148 series 3287389
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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.
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