Admin Keys to own Smart Contracts

[Twan]

The paper @cipherix just got summarized and posted.

Research Summary: Rectifying Administrated ERC20 Tokens

TLDR The research examines the ERC20 token class and reveals that these contracts are more owner-controlled and less secure than the services they are aiming to disrupt, such as banks and centralized online payment systems. They develop a binary classifier for detecting administrated ERC20 tokens and do a significant data analysis, revealing that about 9 out of 10 ERC20 tokens on Ethereum are administrated, making them risky to interact with even if their owners are trusted. The authors design…