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BCH $285.64 -0.97%
LINK $8.83 -1.56%
HYPE $71.50 -1.17%
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SUI $0.8479 -3.18%
XLM $0.2280 -9.94%
ZEC $558.41 +1.51%

Security Agency: Binance's proposal to add wBETH to the Gauge Controller initiated by Curve poses potential risks

2023-05-04 23:00:50
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According to ChainCatcher's message, the blockchain security agency Supremacy has monitored a potential risk in Binance's proposal to add wBETH to the Gauge Controller initiated by Curve. There is a feature in the WrapTokenV1BSC contract on the BNBChain platform that allows the transfer of all ETH Reserve, which is a single-signature EOA account. This means that a private key leak or internal malfeasance could lead to very serious consequences.

Binance's feedback indicated that the private key of this account is controlled by the finance department, which provides a certain level of security and thus reduces the risk. However, Supremacy still believes there is a centralization risk at the code level. (Source link)

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