In an X post, Thirdweb, a prominent web3 developer platform, exposed a significant security vulnerability in a “commonly used” open-source library, impacting various non-fungible token (NFT) collections. Meanwhile, this revelation has sparked speculations in the cryptocurrency community, involving major players like OpenSea and Coinbase, who now find themselves grappling with potential security risks.
Notably, as the industry faces disruption, the affected parties are swift to respond, working collaboratively to address the issue and reassure users.
OpenSea & Coinbase NFT’s Response To the Security Breach
Thirdweb became aware of the vulnerability on November 20, affecting its pre-built smart contracts, including those on OpenSea and Coinbase NFT. OpenSea acknowledged the issue, assuring users of ongoing collaboration with Thirdweb to address security concerns. In addition, Coinbase NFT echoed similar sentiments, confirming notification on December 1 about impacted collection
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