Crypto Platforms Take Precautions Against Security Vulnerability in NFT Contracts

Cryptocurrency companies are taking precautions regarding the security vulnerability announced by the Web3 platform Thirdweb.

Thirdweb is a collection of some NFT collectibles using smart contracts it provides. to vulnerability He discovered his exposure on November 20.

OpenSea, one of the largest NFT marketplaces, touched on the issue and stated that some collections on the platform were affected by this vulnerability. OpenSea, “We are in communication with Thirdweb regarding the vulnerability affecting some NFT collectibles. “Stay tuned to learn how we can assist affected collection owners in connection with upcoming contract changes at OpenSea.” said.

US cryptocurrency company Coinbase NFT addresses the security vulnerability. on December 1st He announced that he found out that it affected “some collections created with Thirdweb on Coinbase NFT.” The same issue also affects some NFT contracts on the Layer 2 network called Base, which Coinbase supports.

Thirdweb has not yet been exposed to this vulnerability. there was no attack explained. However, those who use these smart contracts still take precautions It will be necessary. For this, it is possible to switch to new contracts that do not have the same security vulnerability.

source site-10