In the process of cryptanalysis of various cryptocurrencies, we are increasingly getting loopholes and backdoors. Honeypots work by luring attackers with a balance stored in the smart contract, and what appears to be a vulnerability in the code. Typically, to access the funds, the attacker would have to send their own funds, but unbeknownst to them, there is some kind of recovery mechanism allowing the smart contract owner to recover their own funds along with the funds of the attacker. Let’s look at a couple different real world examples.
Link to articles: https://cryptodeeptech.ru/solidity-vulnerable-honeypots
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