Excessive Function Restrictions
Excessive function restrictions in smart contracts can lead to critical issues such as funds being locked, which can prevent rightful access even in necessary situations. A well-documented example is the Akutars NFT incident, where $34 million in Ethereum was trapped due to overly restrictive contract mechanics intended for security.
For further reading on the details of the accident, you can refer to the detailed analysis
Example of a Problematic Contract
Consider a hypothetical NFT auction contract designed to hold funds until certain conditions are met, such as all refunds being processed. The contract might include a mechanism that prevents any withdrawal until these conditions are fulfilled. Below is a simplified version of such a contract:
contract NFTAuction {
mapping(address => uint256) public refundsDue;
uint256 public totalRefunds;
address admin;
bool public refundCompleted = false;
constructor() {
admin = msg.sender;
}
// Function to allow withdrawals only after refunds are completed
function withdrawFunds() public {
require(msg.sender == admin, "Only admin can withdraw.");
require(refundCompleted, "Refunds not completed.");
payable(admin).transfer(address(this).balance);
}
// Function to mark refunds as completed
function completeRefunds() public {
require(msg.sender == admin, "Only admin can complete refunds.");
refundCompleted = true;
}
// Other necessary functions like handling bids, setting up auctions, etc.
}