Ethereum’s Create2: A Double-Edged Sword In Blockchain Security

Ethereum’s CREATE2 function is being exploited by attackers to compromise the security of digital wallets, bypassing traditional security measures and facilitating unauthorized access to funds.

The attack method involves tricking users into approving transactions for smart contracts that haven’t been deployed yet, allowing cybercriminals to later deploy malicious contracts and steal cryptocurrencies. This vulnerability highlights the need for enhanced security measures in wallet security products to adapt to the evolving tactics of cybercriminals, ensuring the safekeeping of digital assets in the face of innovative exploits.

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Source: Check Point