SmartBillions Challenges Hackers with 1,500 Ether Reward, Gets Hacked and Pulls Most of It Out

in #bitcoin • 7 years ago

SmartBillions, a so-called fully decentralized and transparent lottery system, managed by an Ethereum smart contract, recently challenged hackers to get through its smart contract’s security, and added a 1,500 Ether ($450,000) reward to be collected by anyone that managed to compromise it.

The goal was to demonstrate “the SmartBillions lottery smart contract’s comprehensive security.” Initially, according to a press release, the prize was to be collected by any hacker that managed to break into the smart contract and withdraw the funds, as a way to prove how serious the team took investor protection. The team stated:

#hacker #challenge #smart
7 years ago in #bitcoin by
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