Mint

Infinite Mint Attack is one of the attacks that threaten Mintable Tokens.

One of the methods of malicious minting, creating a privileged mint function without any limitations on the amount of minted tokens.

The possibility of minting these tokens should not exceed the set limit.

The best thing is to identify these suspicious functions and carefully check the project document, and also check who has access to the private key of that contract and can mint tokens.

An interesting example Cover Protocol attack in December 2020, attacker minted over 40 quintillion tokens, as a result the value of the COVER token dropped from over $700 to less than $5 within hours.

For example, COVER