TonUP has released an incident report involving their IDO

We wrote about xRocket's statement about "technical issues" yesterday, and today the TonUP team also released an update about security. In this update, TonUP mentions that they had to urgently update all of their contracts during IDO due to an error in contract decimals, and offered a $10,000 bug bounty to community developers who discovered the issue.

Not only that, but TonUP also mentions: "We proposed an extension to the Jetton standard (TEP-137), which allows for an on-chain method to check a wallet's balance. This change aims to prevent similar incidents in the future and ensure more secure and reliable smart contract operations."

Undoubtedly, this is a highly advantageous trait for early-stage ecosystem and projects.

This article was updated on January 10, 2024