Auctus Protocol Critical Vulnerability Alert

Key Takeaways:

  • Auctus Team has identified a security vulnerability in one of their old beta contracts.

Auctus is a decentralized non-custodial options protocol built on top of Ethereum that allows users to trade, mint, and exercise calls or put options in a trustless and decentralized manner without having to rely on any third party.

Auctus Team has informed its users via a tweet that there is a security vulnerability in one of their old beta contracts i.e. 0xE7597F774fD0a15A617894dc39d45A28B97AFa4f. The team has advised its users that whoever has approved this contract should revoke it.

If users have no idea how to revoke this contract, then follow the step by step guide below;

  • Step 1: Go to https://revoke.cash/.
  • Step 2: Connect their wallet.
  • Step 3: Now, the Next Check will include Unregistered tokens and Zero balances.
  • Step 4: Now, Search for 0xE7597F774fD0a15A617894dc39d45A28B97AFa4f contract and see if it has any have approvals.
  • Step 5: If it has approvals, then revoke the approval.

If users have more questions regarding this, they can reach out to Auctus Support Team through their email id, i.e., [email protected].

Security of Auctus protocol is high as their smart contracts were audited by Open Zeppelin and have undergone rigorous internal testing. They also have an ongoing bug bounty program where community members can report any bugs or vulnerabilities. So users can use this protocol without any fear.

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Yash Kamal Chaturvedi

Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)

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