In 2019, Edgeware’s Lockdrop smart contract caused over $290 million to be locked up due to a flaw in the contract’s security control.
Smart contracts are self-executing digital agreements that have become increasingly popular, but their security is a major concern. This incident highlights the importance of rigorous security controls in smart contract development to prevent significant financial losses. Developers must carefully review their code for vulnerabilities and conduct thorough security testing to prioritize security and prevent future incidents.
Our dApp Edgeware Challenge is built on the back of the incident. Can you find the bug and fix it?