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Did ERC-2771 and Multicall Integration Cause Web3's Smart Contract Vulnerabilities? ☠️ #OpenZeppelin identified 13 vulnerable smart contracts resulting from the ERC-2771 and Multicall integration. #Thirdweb revealed a widespread security risk affecting common Web3 contracts, prompting alerts from OpenZeppelin, Coinbase NFT, and OpenSea. The issue stems from flawed integration, allowing potential exploitation. OpenZeppelin proposed a 4-step safety protocol, advising disabling forwarders, contract pausing, revoking approvals, upgrades, and snapshot evaluations. Thirdweb launched a tool to check #vulnerabilities . Velodrome paused Relay services for a secure update. AI's role in contract auditing was discussed; while not on par with human auditors, it accelerates and strengthens the process, according to Librehash's James Edwards. #Binance #crypto2023
Did ERC-2771 and Multicall Integration Cause Web3's Smart Contract Vulnerabilities? ☠️

#OpenZeppelin identified 13 vulnerable smart contracts resulting from the ERC-2771 and Multicall integration.

#Thirdweb revealed a widespread security risk affecting common Web3 contracts, prompting alerts from OpenZeppelin, Coinbase NFT, and OpenSea.

The issue stems from flawed integration, allowing potential exploitation. OpenZeppelin proposed a 4-step safety protocol, advising disabling forwarders, contract pausing, revoking approvals, upgrades, and snapshot evaluations.

Thirdweb launched a tool to check #vulnerabilities . Velodrome paused Relay services for a secure update. AI's role in contract auditing was discussed; while not on par with human auditors, it accelerates and strengthens the process, according to Librehash's James Edwards.

#Binance
#crypto2023
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