hackers are front-running your initialize transactions

don’t leave it to chance - use the deterministic proxy factory i wrote which deploys and initializes proxies atomically (to the same address on multiple chains 🤠)

audited by zenith

We @VennBuild  just discovered a critical backdoor on thousands of smart contracts leaving over $10,000,000 at risk for months

Along with the help of security researchers @dedaub @pcaversaccio, the seals team @seal_911 and others, we managed to rescue the majority of funds

On July 8, @VennBuild  spotted anomalous transactions.

Attackers exploited uninitialized ERC1967Proxy contracts (a common proxy standard), front-running deployers to set malicious implementations &amp; spoofing @etherscan’s UI with fake upgrade events.

A clever and novel exploit. https://t.co/G58FdFcARD

deebeez

hackers are front-running your initialize transactions

don’t leave it to chance - use the deterministic proxy factory i wrote which deploys and initializes proxies atomically (to the same address on multiple chains 🤠)

audited by zenith

https://x.com/deeberiroz/status/1943041787364544930

https://github.com/emo-eth/deterministic-proxy-factory