"Endless mining" is a new threat to cryptocurrencies. This type of attack allows hackers to manipulate the contract code and create new tokens beyond the established limit. For example, hackers exploited a vulnerability in the smart contract of the Paid network, which led to the loss of $180 million and a drop in the value of PAID by 85%. 📉

Infinite mining targets vulnerabilities in smart contracts related to token creation functionality. After identifying the vulnerability, the attacker creates a transaction that allows the contract to create new tokens without the necessary authorization or verification.

The consequence of the attack is the rapid depreciation of the token, financial losses and disruption of the ecosystem. An attacker could profit by selling illegally created tokens or interfering with the regular operations of the affected blockchain network.

To prevent such attacks, it is necessary to conduct thorough code audits and implement security measures in the development of smart contracts.