🧵 Over $10M almost stolen. A smart contract backdoor affecting thousands of DeFi contracts.

It wasn’t stopped by design; it was stopped by vigilance and a last-minute rescue effort.

This is why institutions are still watching from the sidelines. Let’s talk. 👇

We @VennBuild just discovered a critical backdoor on thousands of smart contracts leaving over $10,000,000 at risk for months

Along with the help of security researchers @dedaub @pcaversaccio, the seals team @seal_911 and others, we managed to rescue the majority of funds before the attacker could make their move.

This is the story of how a sophisticated attacker (cough Lazarus) put backdoors in thousands of contracts and ALMOST got away with it 🧵