Smart Contracts
Ongoing coverage on Smart Contracts.
Latest coverage
Stale Rain contract bleeds $1.1M across crypto card programs — AVICI sinks 49%
Avici, a crypto neobank, suffered a $1.1 million exploit due to an outdated smart contract, with $500,800 directly drained from 1,685 users. Fellow neobank Tria also reported losses totaling $430,000 from its users. The vulnerability affected multiple programs using Rain's card infrastructure, leading to a significant drop in Avici's token value.
Arbitrum’s Elara Upgrade Goes Live: 4x Bigger Stylus Contracts and Opt-In Compliance Screening
Arbitrum's Elara upgrade, ArbOS 61, has gone live on Arbitrum One and Nova, significantly increasing the Stylus contract size limit by four times to 96 KB. This upgrade also introduces opt-in compliance screening and configurable priority fees for dedicated chains, benefiting gaming networks like Xai and Proof of Play Apex. The changes aim to enhance scalability and provide more tools for developers and chain operators.
MapleStory Universe tightens smart contract security by scaling back permissionless access
Nexpace is tightening smart contract security within its MapleStory Universe (MSU) web3 ecosystem by scaling back permissionless access and introducing standardized 'Action Modules'. This change aims to address scalability issues and enhance player security by moving away from manual project vetting towards pre-vetted modules for core functions, while still allowing third-party developers to build applications and mini-games.
Understanding Account Abstraction: A Guide for Web3 and Gaming
Account Abstraction (AA) is an evolution in Ethereum account management, merging smart contract and wallet functionalities for a user-friendly experience akin to traditional web applications. The ERC-4337 standard enables this by providing interoperability without altering Ethereum's core protocol, with significant potential to simplify user onboarding and interaction in Web3 gaming.
