Mars4 Shoot ERC-20 Security Review

QuantstampFiles named in the report

Audit · firm’s term: security review

Quantstamp reviewed Shiba (Mars4 Shoot ERC-20 Security Review) on 12 Apr 2024: 5 findings, 0 critical; all acknowledged, none fixed.

No open critical findings
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Report hosted on certificate.quantstamp.com.

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Findings5

Statuses are the security firm’s own, from its report.

SeverityOpenAcknowledgedFixed
Critical000
High000
Medium000
Low050
LowAccidentally Transferred Funds to the Contract Are LockedAcknowledged

As a typical ERC-20 token, the `ShootERC20` contract does not have a particular function to retrieve funds accidentally transferred to itself. As a result, these accidentally transferred funds will be locked in the contract.

LowAllowance Double-Spend ExploitAcknowledged

As it is currently constructed, the `ShootERC20` contract is vulnerable to the ERC-20 allowance double-spend exploit, as are most of the known ERC-20 tokens.

LowLack of Specification and Test SuiteAcknowledged

Although the `ShootERC20` is a typical ERC-20 token with an additional self-burning feature, it is still recommended to document the use cases of the ERC-20 token, either in the code comments or on a public-facing website. For example, document each role in the system and the expected behavior or possible actions for each role. Additionally, it is recommended that a test suite for smart contracts be developed before they are used in production. The test suite's branch coverage should be at least 90%.

LowToken Holders Can Burn Their TokensAcknowledged

The `ShootERC20` contract has a public `burn()` function, which allows the token holders to burn an arbitrary number of their tokens up to their entire balance. As high-level documentation or code comments for the project are not presented, the intention of such a design choice needs to be clarified. This issue is to note that users and third-party developers need to know that such a public `burn()` function exists.

LowUnlocked PragmaAcknowledged

The `ShootERC20` contract specifies in the header a version number of the format `pragma solidity ^0.8.0;` The caret (`^`) before the version number implies an unlocked pragma, meaning that the compiler may use the specified version and above, hence the term "unlocked".

Contracts in scope

No deployed address is recorded for this audit.

The report names a repository or files. Open the report to see its scope.

Repository and files the report names (1)

  • ShootERC20.sol

Part of Shiba’s security record

Shiba
Audits2 audits by 2 firmsLast audit Jun 2026, by Hacken.
Critical findingsNo open critical findingsAcross 2 reports.
Open Shiba’s security record

Security firm

Quantstamp

236 projects reviewed · 332 reports · latest Oct 2026

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