The EOS ecosystem allows anyone to create a token of any name, and hackers have exploited that option, as explained in detail in a Reddit thread dealing with the attack. The Newdex exchange admitted to the hack, marking losses in BLACK, IQ, and ADD tokens.
The EOS attack resembles an older form of scams which affected the Waves platform and the NXT exchange service. These two platforms allow the creation of any token, as well as an internal exchange. In the case of WAVES, instances of faked Bitcoin (BTC) were not a rarity. Faked Ethereum (ETH)...
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