Thirdweb Identifies Potential Web3 Security Gaps
Discovered on November 21, these vulnerabilities pose a risk to numerous smart contracts in the Web3 ecosystem, including some of Thirdweb's own pre-built smart contracts.
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Web3 developer platform Thirdweb will support Polygon zkEVM scaling solution at launch
03/03/2023 23:26
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Thirdweb Urgently Addresses Security Flaw in Web3 Smart Contracts
Thirdweb identifies a security flaw in Web3 smart contracts, urging immediate action for contracts created before November 23. Mitigation steps include locking contracts, taking snapshots, and migrating to secure alternatives. Token holders in pools should withdraw tokens, and contract builders must request users to revoke approvals. Thirdweb has remedied affected contracts created post-November 23, with other services operating unaffected.
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Why Web 3 matters 🧵 Web 1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders. Web 2 (roughly 2005-2020) was about siloed, centralized services run by corporations. Most of the value accrued to a handful of companies like Google, Apple, Amazon, and Facebook.
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