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"Everyone here is a target for attack. Be paranoid."
That's how Ethereum Foundation security lead Martin Swende ended his deep-dive lecture on smart contract security at Devcon3 yesterday. At this point, he's witnessed his fair share of attacks on ethereum and wants the community to know what they're getting into.
There was The DAO hack, where millions of dollars in ether was stolen due to a smart contract bug. There was the time ethereum transactions slowed because of an unknown attacker – this on one of Swende's first days working on the protocol, no less. And then just a few months ago, ethereum client Parity lost $30 million after being hacked.
And that's not to mention all the bitcoin-related hacks.
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