Ethereum Alarm Clock exploit leads to $260K in stolen gas fees so far

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A bug in the smart contract code for the Ethereum Alarm (NASDAQ:ALRM) Clock service has reportedly been exploited, with nearly $260,000 said to have been swiped from the protocol so far.

The Ethereum Alarm Clock enables users to schedule future transactions by pre-determining the receiver address, sent amount and desired time of transaction. Users must have the required Ether (ETH) on hand to complete the transaction and need to pay the gas fees upfront.

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