Bullish
Unverified Contract Vulnerability Leads to Theft of 16.6 WETH
2026-08-01 19:09:52
An unverified smart contract with a low-level call flaw lost 16.6 WETH after attackers exploited missing access controls and ERC20 allowances.
Woofun AI reports that an unverified smart contract suffered a security breach due to an unrestricted low-level call vulnerability associated with selector 0x42be3129. The flaw involved a lack of access control and target data validation, allowing attackers to bypass owner checks by exploiting existing ERC20 allowances. This exploitation enabled unauthorized transferFrom operations, resulting in the theft of approximately 16.6 WETH.
WOOFUN AI
Impact Assessment · Quick Read
This incident highlights the persistent risks associated with unverified contracts and improper access control implementation. The exploitation of ERC20 allowances via low-level calls demonstrates how minor validation gaps can lead to significant asset loss. Developers may need to prioritize rigorous auditing of selector-based functions to prevent similar unauthorized transfers.
Generated by WOOFUN AI · For reference only, not investment advice
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