Thirdweb
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đĄïžđą Thirdweb, a web3 development toolkit, has reported two cases of vulnerabilities in smart contracts and is urging smart contract owners to take action through migration to more secure contracts. This recommendation follows their previous announcement on November 21, alerting about vulnerabilities in smart contracts used across various blockchains. Ensuring the security of smart contracts in the blockchain ecosystem. đđ #Thirdweb #SmartContracts #BlockchainSecurity
Did ERC-2771 and Multicall Integration Cause Web3's Smart Contract Vulnerabilities? â ïž
#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
#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
Is Your Web3 Contract Safe? đ
#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.
#Binance
#crypto2023
#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.
#Binance
#crypto2023
