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DeltaChain (DELTA): Issues Series of Suspicious Mints of Increasing Size
Is the Deltachain.tech (DELTA) token engaging in an ongoing minting and exchange dumping scam to take advantage of token holders and crypto traders in general? Based on an event detected by MonitorChain on January 22nd, 2019, the Zenchain team has investigated this...
RusGas: Timeline of an ICO Token Scam, Exchange Dump, and Weak Coverup
UPDATE: On December 6th, we received reply from the Crex24 team "Our current policy is to act according to coin/token dev requests. As they have their own (and, we hope, the best) vision of coin/token promotion/development." Crex24 will not disable trading despite...
The Basic Guide to Functions in Ethereum Tokens
Ethereum is a very popular crypto currency platform which allows developers to create decentralized applications – DApps. It has two basic functions. One of them is a blockchain that can record transactions. The other one is a virtual machine which can execute smart...
The End of Crypto Hacks? MonitorChain Launches to Secure Exchanges
Victoria, BC, Canada – August, 1st 2018 Zenchain Inc., a recently founded Canadian based blockchain company announces launch of flagship product in cryptocurrency security: MonitorChain.com. This innovative platform brings first of its kind instant fraud notifications...
Demo: batchOverflow on Decentralized Exchange
On April 22nd a well known Ethereum smart contract exploit was discovered. The exploit, termed batchOverflow allowed hackers to generate an infinite amount of ERC20 tokens and send them to their wallets. These tokens were later dumped on major exchanges on...
Why Smart Contract Auditing Isn’t Enough
Smart contracts are used to control billions of dollars’ worth of digital assets and execute a vast array of agreements including electoral voting, ICOs and supply chain management among others. Considering that Ethereum and other blockchain platforms allow developers...
The Primary Causes of Exchange and Tokens Hacks
It’s no secret that cryptocurrencies have become ‘big business.’ As lucrative as they can be, not only do they attract investors but also draw attention from online thieves and hackers. Since the dawn of crypto, many companies have fallen victim to online attacks:...
What are Smart Contract Oracles: An Explanation
Before discussing oracles, it is essential to first define what smart contracts are. Simply put, smart contracts are effective computer programs stored in the Blockchain to execute certain operations automatically. They enable people to exchange goods and services for...
Would MonitorChain have Prevented Past Ethereum Smart Contract Hacks?
In this article, we take a look at a number of the highest profile hacks that have occurred on the Ethereum blockchain, casting a retrospective view of what happened, and whether theses crises would have been prevented, or at least have their impact lessened, if the...
MonitorChain: An Overview
Real-Time Security Alerts for Ethereum Tokens and Exchanges “It pains us to see the endless headlines of multimillion dollar hacks which could have been prevented so easily. Our goal is to stem the tide of these catastrophic losses and bring trust and confidence to...