Is Your Web3 Contract Safe? 🔐
#Thirdweb , a smart contract development firm, reported a critical security flaw in a widely-used open-source library affecting various Web3 smart contracts, urging immediate action.
The #vulnerability , impacting contracts like DropERC20 and ERC721, remained unexploited, giving a brief window for prevention.
Thirdweb advised contract users to take mitigation steps or use #revoke.cash for protection.
The firm heightened security measures, doubled bug bounty payouts, and promised grants for contract mitigations, post-raising $24 million in Series A funding.
With over 70,000 developers using their services, Thirdweb's proactive warning highlights the urgent need for secure smart contract development in Web3.
