Continuation Team
@cont_team
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Continuation Team — group of enthusiasts, driven by the potential of TON blockchain and TVM technologies.
Joined May 2023
Stay informed, stay secure. Prioritizing blockchain security is crucial for safeguarding assets. #TVM #Blockchain #Security #SmartContracts (12/12)
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We urge @Everscale_net, @Venom_network_, and @Broxus to promptly address the TIP3 token bug. Exercise caution when using TIP3 tokens. Check out the TEP-74 standard implementation in @ton_blockchain for a secure example. (11/12)
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It's imperative that blockchain projects prioritize the security and stability of their smart contracts to safeguard user assets. For those seeking airtight security in their blockchain projects, Continuation Team offers comprehensive audit services. (10/12)
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In contrast, TON Blockchain's implementation of a similar standard (TEP-74) demonstrated robust security measures, void of such vulnerabilities. (9/12)
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To mitigate this risk, we recommend caution when using this implementation or conducting an independent audit. (8/12)
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The bug stems from a lack of validation in the transfer method, failing to ensure the attached token amount covers gas fees and forward fees for the entire transaction chain. (7/12)
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A user on Everscale lost 1,000,000 Locked EVER tokens due to this unaddressed bug. The issue persists, posing significant risks to users. link to transaction - https://t.co/2qtwY6DD45 (6/12)
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Over a year has passed since our dialogue with Everscale's core developers. Unfortunately, the consequences of this neglected bug have materialized. (5/12)
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Despite our efforts to alert the core developers of Everscale, who overlooked the previously reported bug, no action has been taken to rectify it. (4/12)
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Further investigation revealed an issue in the TIP3 token repository dating back to November 2022, describing the same bug. Despite being reported months ago, it remains unaddressed. (3/12)
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During a hackathon in May 2023, our team at Continuation Team encountered an issue while creating our own implementation of the TIP3 token. We found a bug that could potentially result in the loss of funds during transfers. (2/12)
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🚨 A critical bug has been discovered in the TIP3 token smart contract used in Everscale and Venom blockchains, developed by Broxus. (1/12)
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