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ERC-2771 integration introduces address spoofing vulnerability — OpenZeppelin

ERC-2771 integration introduces address spoofing vulnerability — OpenZeppelin

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Source: Coin Telegraph

The smart contract vulnerability arises after the integration of ERC-2771 and Multicall standards. OpenZepplin identified 13 sets of vulnerable smart contracts.

Soon after Thirdweb revealed a security vulnerability that could impact a variety of common smart contracts used across the Web3 ecosystem, OpenZeppelin identified two specific standards as the root cause of the threat.

On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library, which could impact pre-built contracts, including DropERC20, ERC721, ERC1155 (all versions), and AirdropERC20.

James Edwards, the lead maintainer for cybersecurity investigator Librehash, said that while AI chatbots have the ability to develop smart contracts, deploying them in a live environment is risky.

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Author: Arijit Sarkar