Some creators of Ethereum NFT projects are scrambling to secure their collections after Thirdweb, a prominent crypto development platform, disclosed issues with its smart contracts late Monday.

Thirdweb wrote that a security vulnerability in a “commonly used open-source library for Web3 smart contracts” was discovered, and that it affects pre-built contracts offered by Thirdweb among others. Smart contracts hold the code that power autonomous decentralized apps (dapps) and NFT collections.

Due to the apparent seriousness of the vulnerability, Thirdweb is not disclosing which open-source library was the root of the exploit, or details on what the issue entails. OpenZeppelin, a widely used open-source library for smart contracts, has since come out to say that the issue isn’t tied to its repository.

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Author: Andrew Hayward

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