Akustars smart contract bug seals $33 million to be unaccessible
On April 23, highly anticipated NFT project Akustars lost $33 million in a smart contract bug. 0xInuarashi, a developer of multiple NFT projects explained Akutars' smart contract was coded so that refunds to bidders had to be processed before the team could withdraw any funds.
The contract had a condition where a minimum number of bids had to be made before it would allow for the team to withdraw, but the minimum number of bids was set to equal the amount of NFTs available for auction.
Unfortunately, due to some buyers minting multiple NFTs within the same bid, the terms of the contract mean it will never unlock, sealing away the nearly $33 million in Ethereum forever.
@NFTInsider_en
