The Ethereum Foundation cautioned that cross-chain features are highly exploited due to their inherent complexities and coding flaws. As part of its Trillion Dollar Security program, the Foundation is actively tracking vulnerabilities to enhance the security of the Ethereum ecosystem.
The Foundation identified that contract upgrades and unsafe libraries present significant new vulnerabilities for Ethereum projects. Access control issues could lead to malicious contracts being implemented, highlighting the need for enhanced security measures.
The growth of Layer 2 (L2) chains introduces additional complexities and risks, particularly with transaction verification. The Foundation stresses the importance of formal coordination among Ethereum projects to address monitoring and response systems for potential hacks.
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