Definition ∞ A Token Contract Vulnerability is a flaw or weakness present within the smart contract code that governs a specific digital token. This defect can be exploited by malicious actors to manipulate the token’s supply, steal tokens from holders, or disrupt the token’s intended functionality. It directly compromises the asset’s underlying programming.
Context ∞ Security audits are absolutely essential for token contracts before their deployment onto a blockchain, as a vulnerability can lead to catastrophic financial losses for holders and severely undermine trust in the entire project. The ongoing vigilance against such flaws is a critical aspect of digital asset security.
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