ETH_Scanetchain_report.md

Scanetchain Audit Report.

1. Summary

This document is a security audit report performed by RideSolo, where Scanetchain has been reviewed.

Symbol       : SWC
Name         : Scanetchain
Capped supply: 1,000,000,000
Decimals     : 18 
Standard     : ERC20

2. In scope

• scanetchaintoken_new_final.sol github commit hash 2cd2a198781a58b0b5af2d60df2cbb2dab618cf9.

3. Findings

2 issues were reported including:

• 1 low severity issue.
• 1 owner privilege.

3.1. Owner Privileges

Severity: low

Description

Owner has the right to pause/unpause token transfers and approvals.

Code snippet

https://github.com/Scanetchain/Scanetchain-ERC20-Token/blob/master/Contracts/scanetchaintoken_new_final.sol#L374#L431

3.1. Known vulnerabilities of ERC-20 token

Severity: low

Description

1. It is possible to double withdrawal attack. More details here
2. Lack of transaction handling mechanism issue. WARNING! This is a very common issue and it already caused millions of dollars losses for lots of token users! More details here

4. Conclusion

The audited contract is safe, the users should be aware of the owner privilege.