#AckiNacki architecture seems to allow minting native tokens from *any* system contract.
Native tokens:
1️⃣ NACKL
2️⃣ SHELL
3️⃣ Any future Extra Currency token
Example mint call:
🔗 https://t.co/wTjbKZ32yb
⚠️ Concern: this contract is upgradable by root key
🔗 https://t.co/JmAkHqyXTn
Mechanism:
- any contract marked `is_special` can trigger mint
- flag comes from config param `P31`
- VM defines a dedicated opcode: `mintecc`
Refs:
1️⃣ https://t.co/NwcoZwq63C
2️⃣ https://t.co/OkSYkNQftJ
3️⃣ https://t.co/juY5TG7R9S
4️⃣ https://t.co/JIuJ6bBO6h
VM opcode:
https://t.co/pFujBNw4bu
Special contract addresses:
https://t.co/w9XSdwnQsV
👉 In short: mint rights hinge on a single config flag + root upgradability. Risky combo.
Why admin access in "decentralized" protocols is a hidden risk. The Case Study
UPCX: $70M Drained via ProxyAdmin Exploit
The exploit didn’t rely on a bug.
It relied on privileged access.
👇 Let’s break it down.
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@MariusCrypt0 $Ever uses state locking for atomic compasabilty
Block in es contains messages and smart contract state
https://t.co/2lujm0N5Nb
Finality atm depends on Es loads and complexity of smc. Simple transfers works in 1 sec. For complex smc remp (queque for optimistic finality) is soon
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