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.

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OpenZeppelin will be recognizing top protocols that have used their contracts in the coming days.

Additionally, they will be making a significant announcement next week about the future of their library, which they have been maintaining for 8 years.

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