What is Going On with EtherDelta?

[kreslik.news]

Back in December we reported on the hack of a decentralised cryptocurrency exchange based on the Ethereum blockchain, EtherDelta, in which hundred of ether tokens were stolen.

There are few more twists to this strange tale.

Background

EtherDelta is a decentralised exchange, or DEX, powered by a smart contract on the Ethereum blockchain. It offers users the chance to trade cryptocurrency without the need to register an email or password – in fact, people do not need to sign up at all.

Any token can be traded on the EtherDelta as long as it conforms to the ERC20 template. EtherDelta is the first place ... (read more)