The Ethereum Dark Wood is still hard for me to understand. How is possible for smart contract to become available for anyone to grab, just like a stick from a wood, is hard to process.
This guy, called SAMCZSUN, is a block-chain researcher and white-hat hacker, basically an crypto super-hero. While patrolling the crypto-world, just like any other super-hero, he found 25,000 Ethereum which they were vulnerable. He saved $10 million from the ETH smart contract, as they were open for the taking. The smart contract contained a “burn” function. that made it easy for users to mint tokens with zero value and swap them for Ethereum. This process could have been repeated until all $10 million worth of Ethereum would have been stolen.
SAMCZUN organised a team of experts and miners and took the funds out of danger. They had the chance to take advantage of the flaw and get rich but they worked for the greater good and withdrew the Ethereum from the Dark Forest and the multitude of bad guys, hackers and bots that are there, scanning for errors
The team approached a mining company which help them avoid any hijacking and placed the assets in a block. This took few hours but finally the rescue was completed The crypto-heroes returned over 25,000 Ethereum to the owners, Lien Finance and gave a bit of hope to humanity.
* currently testing ReadCash
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