Web3 firm detects major security flaw in common smart contracts

Smart contract development firm Thirdweb reported a security vulnerability that potentially “impacts a variety of smart contracts across the Web3 ecosystem.”

On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library that could impact certain pre-built smart contracts, including some of its own. However, Thirdweb’s investigations concluded that the smart contract vulnerability has not yet been exploited, allowing a small window of opportunity for Web3 firms to avoid a possible hack.

Highlighting the vulnerability’s potential to cause massive damage if not rectified immediately, Thirdweb stated:

“The impacted pre-built contracts include but are not limited… Read more on Cointelegraph

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