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What Is the Risk of a “Bug” in a Token’s Smart Contract?

Bugs risk unauthorized minting, draining of funds, or freezing of tokens, and are hard to fix due to contract immutability.
Greeks.Live16.11.25

What Is the Risk of a “Bug” in a Token’s Smart Contract?

A bug in a token's smart contract can lead to catastrophic losses, including the unauthorized minting of new tokens, the draining of liquidity pools, or the freezing of all tokens in the contract. Since smart contract code is often immutable, fixing a bug may require a complex migration or a hard fork, making the initial deployment and auditing process critically important.

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