Reentrancy Attack explained with code demo | Smart Contract Exploit
Reentrancy attack led to famous DAO hack that caused Ethereum hard fork and Ethereum blockchain was split in two - Ethereum & Ethereum classic.
Recently NFT lending platform OMNI was hacked with Reentrancy attack and $1.43 million USD worth of ETH was stolen.
In this video we discussed what is reentrancy exploit in smart contract, we saw a live demo and discussed ways to prevent this attack.
Links:
Hackernoon article:
https://hackernoon.com/hack-solidity-reentrancy-attack
OMNI hack :
https://dailycoin.com/1300-eth-stolen-from-nft-lending-platform-omni-in-re-entrancy-exploit/
Code:
https://github.com/neha01/youtube-tutorials/tree/master/reentrancy-attack
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