According to new data, Base Network had over 34,000 vulnerabilities high risk in its smart contracts. These included malicious boolean check and library tampering.
As malicious actors seek to exploit smart contract vulnerabilities, blockchain networks are facing increasing security threats. Coinbase Base is the network that has detected high risks.
The following is a list of data Base detected more than 34,000 risks in August using the Xcalibur software from Trugard, who identified them with its Xcalibur risk-detection tool.
Coinbase’s network is particularly vulnerable to Digital Signature problems, as there were nearly 22,000 detectable instances of tampering with standard libraries like SafeMath. The Base network was also vulnerable to malicious boolean check on token transfer, as there were over 6,300 cases identified. The checks can be used to manipulate or block token transfers. This is a major vulnerability.
Hackers of web2 turn their attention to Web3
Trugard Labs discovered several major threats on the Base Network, such as unauthorized burns of tokens, updated balances, and controlled minting. Other hidden balance updates, minting manipulations and other threats were detected. Ethereum The following are some examples of how to get started: BNB Chain Binance Smart Chain BSC, though smaller in number.
Cybercriminals who once worked in the web2 have now moved to Base, exposing the protocols that are deployed. “have now shifted focus to the burgeoning web3 ecosystem,” Trugard analysts say:
Threat actors are attracted to the growing decentralized finance industry. Web2 criminals used to specialize in ransomware and phishing attacks, as well as exploiting weaknesses in centralised systems. Trugard claims that the same techniques are being used to exploit vulnerabilities in centralized systems. “vulnerabilities in smart contracts, decentralized finance protocols, and blockchain networks.”
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Source: crypto.news