The FBI has recently warned of a new type of cybercrime activity called “drainer smart contract.” These contracts are a form of malicious code that exploits vulnerabilities in smart contracts to siphon off cryptocurrency from unsuspecting users. Smart contracts are computer programs that run on a blockchain network. They self-execute when certain conditions are met,… Continue reading What are “drainer smart contracts” and why is the FBI warning of them?
Category: contracts
SettleMint’s assistant
The use of blockchain technology has become an increasingly popular topic in the digital world. Smart contracts are playing an important role in powering blockchain networks and applications as they are self-executing agreements written in the form of digital code. These contracts help to facilitate and verify the performance of a particular negotiation or agreement… Continue reading SettleMint’s assistant