Smart Contract Honeypots for Profit (and probably Fun) presented at CODEBLUE2018@TOKYO 2018

by Ben Schmidt,

Summary : Ethereum honeypot contracts combine the oldest of cons with the newest of tech. As it turns out, it’s still easy to con someone who thinks they’re a conman. These malicious contracts share one trait in common: they almost always try to look like they were designed by a beginner. As such, they are a great place to learn about some of the pitfalls that can befall a new entrant to the space, and serve as an interesting (and often entertaining) case study into the wild-west world of smart contract security. By exploring a few of the more interesting cases of not-so-vulnerable contracts, the audience can gain a deeper understanding of how smart contract security works in practice, and maybe how to beat a few scammers at their own game.