What is "Infinite Money Printing Attack"? This is a form of attack where hackers change contract code to continuously create new tokens that exceed the authorized supply limit. This destroys the value and integrity of a cryptocurrency or token. 🧐

For example, a hacker exploited a vulnerability in the Paid network's smart contracts, resulting in the loss of $180 million and an 85% reduction in the value of PAID.

The infinite money printing attack highlights the importance of testing code and integrating security measures into smart contract development.

How does the infinite money printing attack work?

Step 1: Identify vulnerabilities

Step 2: Exploit

Step 3: Mining and selling infinite tokens

The consequence of the infinite money printing attack is to reduce the value of the token, causing financial loss and disrupting the ecosystem.

To prevent infinite money printing attacks, cryptocurrency projects need to focus on security and apply preventative measures.

What do you think about this issue? Please leave your opinion in the comments section!#cryptocurrency#blockchain #security