Pashov — an expert in smart contracts security reviews — has reviewed the freshly launched stablecoin: Paypal USD (PYUSD), by one of the largest payment companies in the world, PayPal (NASDAQ: PYPL). The PYUSD was announced on August 7 and the brief review was posted on Twitter (X) on the same day, with some concerning revelations.
“The new Paypal USD stablecoin has an “assetProtection” role which can wipe your balance in two transactions (first `freeze`, then `wipeFrozenAddress`). In smart contract security we call this a ‘centralization attack vector.’”
— Pashov (@pashovkrum)
According to Pashov, PayPal will be able to concede a special role to selected development team members, which will be able to execute delicate code functionalities, such as freezing accounts and cleaning frozen account balances.
The new Paypal USD stablecoin has an “assetProtection” role which can wipe your balance in two transactions (first `freeze`, then `wipeFrozenAddress`)
In smart contra
We współpracy z: https://finbold.com/paypals-stablecoin-can-wipe-your-balance-in-two-transactions/
